Log In/Sign Up
Your email has been sent.
3004 E Boone Ave
Spokane, WA 99202
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Combination of apartment and mini storage income provides multiple revenue sources with pricing below recent sales comparables
- Five units have been renovated with LVP flooring, new cabinets, countertops, appliances, windows, and paint
- Central Spokane Location – Convenient access to Downtown Spokane, Gonzaga University, I-90, and nearby amenities
- Apartment units are currently 100% occupied and feature off street parking and common area laundry
- Copper electrical wiring and a newer roof completed approximately five years ago help simplify insurance and future capital expenditures
Executive Summary
SVN Cornerstone is pleased to present the Boone Apartments and Mini Storage for sale located at 3004 E Boone Ave in Spokane's Chief Garry Park neighborhood. The property consists of eight 1 bedroom 1 bathroom apartment units and 28 mini storage units. The property features five recently remodeled apartment units, a common laundry room with two washers and two dryers, 10 on site parking spaces for apartment tenants in addition to ample street parking, and a secured gated entrance for the mini storage tenants.
Property Facts Under Contract
| Price Per Unit | $168,750 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 7,170 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | Light Industrial | ||
| Price Per Unit | $168,750 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 7,170 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 1.67/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Light Industrial |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 100 |
Property Taxes
| Parcel Number | 35152.1612 | Improvements Assessment | $1,250,610 |
| Land Assessment | $94,390 | Total Assessment | $1,345,000 |
Property Taxes
Parcel Number
35152.1612
Land Assessment
$94,390
Improvements Assessment
$1,250,610
Total Assessment
$1,345,000
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
