Listed by SVN | Cornerstone
$1,495,000
Eastside Estates
Details
APN 45153.0418
Property Type Multifamily
Sub Type Townhomes
Square Footage 10,030
Units 5
Cap Rate 5.14%
NOI $76,880
Price per SqFt $149
Class A
Year Built 2020
Acreage 0.550
Zoning CMU
5 two-story townhome units, each offering three bedrooms and three bathrooms.
Marketing description
SVN Cornerstone is pleased to present the Eastside Estates for sale located at 12402 E Broadway Ave in the Spokane Valley. The Eastside Estates consist of 5 two-story townhome units, each offering three bedrooms and three bathrooms. The property features newer construction with high end finishes, one attached garage per unit, in unit washer and dryer, and kitchen islands designed for modern living.
Investment highlights
- Newer Construction – Built in 2020, the property offers modern construction, efficient systems, and low future maintenance
- Spacious Modern Layouts – Large 1,871 SF units featuring hard surface countertops, stainless steel appliances, LVP flooring, in unit washer and dryer, private patios and balconies, storage, off street parking, and a deep one car garage, designed for comfortable living and strong tenant appeal
- Investor Friendly Location – Spokane Valley location with less red tape and 90 day rent increase notices versus 180 days in the City of Spokane
- Strong Rental Demand – Prime Spokane Valley location in the Opportunity submarket with convenient access to I 90, schools, parks, and major employment centers, supporting consistent tenant demand and long term stability
- Rental Upside – Current rents average $2,061 versus $2,200 market rents, offering immediate upside
Listing Contacts
Listed by SVN | Cornerstone
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,880.00
$6,406.67/mo
Valuation Metrics
0
DSCR
5.14%
Cap Rate
5.14%
ROI
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