Listed by SVN | Cornerstone
$1,250,000
Walnut St 8 Unit Apartment
Details
APN 25244.3108
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,824
Units 8
Cap Rate 4.00%
Occupancy 100%
Pro-Forma Cap Rate 5.36%
Pro-Forma NOI $72,238
Price per SqFt $160
Year Built 1964
Year Renovated 2012
Acreage 0.180
Zoning RHD
Investment Type Core+
High quality 8 unit apartment complex on Spokane's lower south hill
Marketing description
Great opportunity to own a high quality 8 unit apartment complex on Spokane's lower south hill. All major improvements have been completed, so there is very little expected maintenance.
Investment highlights
Covered parking with secure entry and interior mailroom
Vinyl windows and sliders with weather free stairways
Exterior is hardy board siding in excellent condition making for easy cleaning and low maintenance
Upgraded appliances in place and all wiring is encased in conduit
Washer and dryer on site with average monthly income of $150
Quality finish in both kitchens and bathrooms
Covered patios with city views
Listing Contacts
Listed by SVN | Cornerstone
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