2411 N Cincinnati St 8 Unit Apartment Building $1,250,000 ($156,250/Unit) 7.12% Cap Rate Spokane, WA 99207

Rare opportunity to own two fully rented fourplexes (8 units total) in Spokane’s highly desirable Gonzaga District—just minutes from Gonzaga University, public transportation, and Downtown Spokane! Numbers are ran off of projected rents without updating final 3 units. These well-maintained buildings boast a combined gross income of approximately $115,000 annually, with five of the eight units fully remodeled, including the two most recent rentals bringing in $1,400/month each. All units are 2 bed / 1 bath and feature in-unit laundry, making them highly attractive to tenants along with the 8 car carport and 6 storage units. Investors will appreciate the stability and strong cash flow without the need for commercial financing. All appliances, including washers and dryers, are included in the sale, making this a truly turnkey investment. Recent improvements include new roofs on both the main complex and carport, updated siding and exterior paint. Showings available with accepted offer only. Please don't disturb tenants. Seller is a licensed real estate agent.
Showings on the property can happen once we have gone under contract.Please don't disturb tenants. 2405 N Cincinnati (35081.5611) and 2411 N Cincinnati (35081.5609) have to be purchased together. Water, Sewer, Garbage total $880/month. Buyer and buyers agent to verify all information. Seller is a licensed real estate agent in Wa/Id. Please reach out to Shane O'Rourke at 509-279-3250