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Glenwood Arms 305 NE Spaulding St 12 Unit Apartment Building $1,735,000 ($144,583/Unit) 5.26% Cap Rate Pullman, WA 99163
EXECUTIVE SUMMARY
Welcome to a prime investment opportunity in Pullman, WA. This impressive property consists of a 7,800 SF building featuring 12 fully-occupied units, making it an ideal choice for Multifamily / Low-Rise/Garden investors. Originally built in 1967 and meticulously renovated in 2020, the property seamlessly blends timeless appeal with modern convenience. Boasting a remarkable 100% occupancy rate, this income-generating asset promises immediate returns and long-term stability. Each unit reflects contemporary design and superior quality, ensuring tenant satisfaction and maximizing rental potential. With its strategic location in Pullman, this property presents an enticing prospect in a high-demand rental market. Embrace this rare opportunity to enhance your investment portfolio with a successful multifamily property.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
| Price | $1,735,000 | Apartment Style | Low-Rise |
| Price Per Unit | $144,583 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.26% | Building Size | 7,800 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment |
| Price | $1,735,000 |
| Price Per Unit | $144,583 |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,800 SF |
| No. Stories | 2 |
| Year Built | 1967 |
AMENITIES
UNIT AMENITIES
- Storage Space
- Refrigerator
- Oven
- Range
- Carpet
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Walk-Up
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Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $751,970 | |
| Land Assessment | $75,000 | Total Assessment | $826,970 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$75,000
Improvements Assessment
$751,970
Total Assessment
$826,970
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Glenwood Arms | 305 NE Spaulding St
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