2012 N Park Rd | Spokane, WA 99212
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2012 N Park Rd
Spokane, WA 99212
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Well-maintained, prime value-add opportunity
- Electrical fully updated in 2010
- All tenants on month-to-month leases
- Increase rents 13% to market rate and 24% with renovations
- Extra land to add outdoor tenant amenities such as BBQ space or picnic area
- Attractive in-place and pro-forma cap rate
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.46 AC |
| Property Type | Multifamily | Building Size | 6,652 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 2.25/1,000 SF |
| Zoning | R-4 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 6,652 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 2.25/1,000 SF |
| Zoning | R-4 |
AMENITIES
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 530 |
| 2+1 | 2 | - | 800 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $552,950 | |
| Land Assessment | $136,610 | Total Assessment | $689,560 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$136,610
Improvements Assessment
$552,950
Total Assessment
$689,560
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