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6615 N Atlantic St
Spokane, WA 99208
Atlantic Apartments · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Well-maintained, value-add apartment building with majority 2 bedroom units
- 0.9 Miles from Providence Hospital and 2.4 Miles from Whitworth University
- Desirable amenities including air conditioning, covered parking, large kitchens, and courtyard
- Amenity rich location surrounded by jobs, shopping, schools, parks & more
- In-Place Rents Within 10% of Market Rate
EXECUTIVE SUMMARY
Atlantic is a well-maintained, value-add apartment building in North Spokane located just 0.9 miles from Providence Hospital and 2.4 miles from Whitworth University. The property features majority two-bedroom units with desirable amenities including air conditioning, covered parking, large kitchens, and a central courtyard. Located near jobs, shopping, schools, and parks, this is an ideal investment with current rents within 10% of market rates.
PROPERTY FACTS
| Price Per Unit | $68,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.53 AC |
| Cap Rate | 6.87% | Building Size | 14,428 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 2.08/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Commercial | ||
| Price Per Unit | $68,750 |
| Sale Type | Investment |
| Cap Rate | 6.87% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 14,428 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
| 1+1 | 14 | - | - |
PROPERTY TAXES
| Parcel Number | 36304.1819 | Improvements Assessment | $1,032,360 |
| Land Assessment | $138,240 | Total Assessment | $1,170,600 |
PROPERTY TAXES
Parcel Number
36304.1819
Land Assessment
$138,240
Improvements Assessment
$1,032,360
Total Assessment
$1,170,600
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