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15654527
15654518

6511 N Atlantic St, Spokane, WA 99208

NG
WA WA 95551
Kelly Right Real Estate
Listed by Kelly Right Real Estate
$1,790,000
806 days on market
Updated 51 days ago

N Atlantic St Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,950
Net Rentable (SqFt) 7,300
Units 10
Cap Rate 6.23%
NOI $111,550
Occupancy 100%
Price per SqFt $225
Year Built 1964
Year Renovated 2015
Buildings 1
Stories 2
Acreage 0.440
Zoning HDR
Investment Type Owner/User

Multifamily | 10 Units | $179,000/unit

Marketing description

Incredible opportunity to acquire this 10-unit apartment located across the retail plaza of N Division and Francis, near NorthTown Mall & city amenities. This 7,950 sq/ft building is situated on a 150'x128' lot and features 10 units across two levels, plus covered parking and a front yard with sprinkler system. Nine units are 750 sq/ft 2 bed/1 bath, and one is 550 sq/ft 1 bed/1 bath. All ten units are leased out. The units include a spacious entry living room and kitchen/dining room with ample white cabinetry, free-standing range, dishwasher & fridge. Don't miss this rare turn-key investment opportunity - learn more today!

Investment highlights

Located across the retail plaza of N Division and Francis

150'x128' lot featuring 10 units across two levels

Nine units are 2 bed/1 bath, and one is 1 bed/1 bath.

All ten units are leased out.

Listing Contacts

NG
WA WA 95551
Kelly Right Real Estate
Listed by Kelly Right Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$111,550.00
$9,295.83/mo

Valuation Metrics

0
DSCR
6.23%
Cap Rate
6.23%
ROI

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Additional Information

Name
Nick Grishko
License
WA 95551
Brokerage
Kelly Right Real Estate
Brokerage Phone
509-489-7000
Brokerage Address
140 South Arthur Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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