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2012 N Park Rd 8 Unit Apartment Building $995,000 ($124,375/Unit) 6.69% Cap Rate Spokane, WA 99212
Investment Highlights
- 8 Units - 2 -2BD/1B - 6 - 1BD/1B
- Ground-Floor Units
- On-Site Laundry
- Rental Income of $8,151 monthly
- Durable LVP Flooring
Executive Summary
Investment Opportunity - Well-maintained 8 unit property in Spokane Valley featuring a mix of 2-bedroom, 1-bath and 1-bedroom, 1-bath units. Each unit features LVP flooring throughout the main living areas. Kitchens are appointed with tile accents and butcher block countertops, blending practicality with updated finishes. Bedrooms are generously sized with ample closet space for storage. Additional amenities include off-street parking and onsite laundry facilities. Conveniently located near shopping, dining, parks, close freeway access.
Property Facts
| Price | $995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $124,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 6.69% | Building Size | 6,652 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 2.25/1,000 SF |
| Zoning | R-4 | ||
| Price | $995,000 |
| Price Per Unit | $124,375 |
| Sale Type | Investment |
| Cap Rate | 6.69% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 6,652 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 2.25/1,000 SF |
| Zoning | R-4 |
Amenities
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 700 |
| 2+1 | 2 | - | 800 |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $552,950 | |
| Land Assessment | $136,610 | Total Assessment | $689,560 |
Property Taxes
Parcel Numbers
Land Assessment
$136,610
Improvements Assessment
$552,950
Total Assessment
$689,560
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2012 N Park Rd
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