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943 E Augusta Ave 8 Unit Apartment Building $1,385,000 ($173,125/Unit) 6.59% Cap Rate Spokane, WA 99207
INVESTMENT HIGHLIGHTS
- 8- 1 Bed/1 Bath Units
- Additional $1,528/Month in Utility Income
- Rental Income of $8,984/Month
EXECUTIVE SUMMARY
8-unit multifamily property, fully occupied under a master lease. This solid investment features eight one-bedroom, one-bath units. The property generates $8,984 in monthly rental income. Whether you’re expanding your portfolio or entering the market, this property is positioned for long-term success.
PROPERTY FACTS
| Price | $1,385,000 | Building Class | C |
| Price Per Unit | $173,125 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 6.59% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2014 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | CA4 | ||
| Price | $1,385,000 |
| Price Per Unit | $173,125 |
| Sale Type | Investment |
| Cap Rate | 6.59% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2014 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | CA4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,314 | 625 |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 35084.3420 | Improvements Assessment | $637,800 |
| Land Assessment | $71,000 | Total Assessment | $708,800 |
PROPERTY TAXES
Parcel Number
35084.3420
Land Assessment
$71,000
Improvements Assessment
$637,800
Total Assessment
$708,800
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943 E Augusta Ave
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