2002 W 8th Ave 5 Unit Apartment Building Offered at $650,000 at a 7.06% Cap Rate Spokane, WA 99204
INVESTMENT HIGHLIGHTS
- 2 Garages for Additional Rental Income
- Potential to Add Additional Units
- On Site Laundry Facilities
EXECUTIVE SUMMARY
4 - 1 Bed/1 Bath Units & 1 - 3 Bed/1 Bath Unit
2 Garages for Additional Rental Income
On Site Laundry Facilities
Potential to Add Additional Units
Recent Unit Updates & Architectural Charm
Great South Hill Location Close to 1-90
Walking Distance to Restaurants, Shopping &
Parks
2 Garages for Additional Rental Income
On Site Laundry Facilities
Potential to Add Additional Units
Recent Unit Updates & Architectural Charm
Great South Hill Location Close to 1-90
Walking Distance to Restaurants, Shopping &
Parks
PROPERTY FACTS
| Price | $650,000 |
| Price Per Unit | $130,000 |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| No. Units | 5 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,296 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | RMF |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Sprinkler System
- Tub/Shower
- Carpet
SITE AMENITIES
- 24 Hour Access
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 3+1 | 1 | - | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 25244.4803 | Improvements Assessment | $384,500 |
| Land Assessment | $100,000 | Total Assessment | $484,500 |
