201 5th St | Cheney, WA 99004
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- LoopNet Team
201 5th St
Cheney, WA 99004
Fifth Street Apartments · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Desirable Unit Mix - Includes one spacious 3 bed 1 bath unit and three 1 bed/1 bath units, ideal for range of renters from students to small families
- Value-Add Opportunity - Rents can be increased to market levels with minor cosmetic upgrades, allowing for immediate income growth
- Stable Demand – Proximity to EWU in Cheney supports strong occupancy and long-term rental stability
- Strong Location - Situated in Cheney, WA just 3 blocks from Eastern Washington University, 20 minutes from downtown Spokane
- Tenant-Friendly Amenities - shared laundry room, 2 on-site storage sheds, and 3 dedicated off-street parking spots to enhance tenant satisfaction
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.23 AC |
| Property Type | Multifamily | Building Size | 3,406 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1945 |
| Building Class | C | ||
| Zoning | R-3 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,406 SF |
| No. Stories | 2 |
| Year Built | 1945 |
| Zoning | R-3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 3+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 13132.4801 | Improvements Assessment | $374,800 |
| Land Assessment | $75,000 | Total Assessment | $449,800 |
PROPERTY TAXES
Parcel Number
13132.4801
Land Assessment
$75,000
Improvements Assessment
$374,800
Total Assessment
$449,800
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