Listed by Upward Advisors
$3,125,000
Whitworth Duplex Portfolio
Details
Property Type Multifamily
Sub Type Student Housing
Units 10
Cap Rate 5.14%
NOI $160,507
Occupancy 100%
Broker Co-Op Yes
Class C
Buildings 5
Acreage 1.180
Zoning LDR
Ideal Student Housing Portfolio - Moments from Whitworth University
Marketing description
Phenomenal investment opportunity moments from Whitworth University in North Spokane. This portfolio of 5 duplexes inclusive of 44 bedrooms across the ten rental units grossing an average of $20,000/month. Rarely does an active portfolio like this become available in such a desirable rental location. This is a prime candidate for reinvestment of 1031 money in today's market, as the market is prime for continuing gains in property value and rental increases under new management and as the university term resets.
Investment highlights
Moments from Whitworth University providing desirable student housing.
Listing Contacts
Listed by Upward Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$160,507.00
$13,375.58/mo
Valuation Metrics
0
DSCR
5.14%
Cap Rate
5.14%
ROI
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