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220 S Elm St 14 Unit Apartment Building $1,400,000 ($100,000/Unit) 6.77% Cap Rate Spokane, WA 99201
INVESTMENT HIGHLIGHTS
- Located in Historic Browne’s District
- Updated Units
- Close to Restaurants & Shopping
- Brick Exterior & Vinyl Windows
EXECUTIVE SUMMARY
• 14 Studio Units
• Located in Historic Browne’s District
• Close to Restaurants & Shopping
• Updated Units
• Brick Exterior & Vinyl Windows
• *Sellers are Licensed Brokers in Washington State
• Located in Historic Browne’s District
• Close to Restaurants & Shopping
• Updated Units
• Brick Exterior & Vinyl Windows
• *Sellers are Licensed Brokers in Washington State
PROPERTY FACTS
| Price | $1,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.77% | Building Size | 7,312 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.64/1,000 SF |
| Zoning | Commercial - Commercial | ||
| Price | $1,400,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 6.77% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 7,312 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | Commercial - Commercial |
AMENITIES
UNIT AMENITIES
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 14 | - | - |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,600,710 | |
| Land Assessment | $194,690 | Total Assessment | $2,795,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$194,690
Improvements Assessment
$2,600,710
Total Assessment
$2,795,400
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220 S Elm St
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