Listed by SVN | Cornerstone
$1,050,000
Villa Maria Apartments
Details
APN 35172.0303
Property Type Multifamily
Sub Type Student Housing
Square Footage 6,000
Net Rentable (SqFt) 6,000
Units 15
Cap Rate 6.34%
Price per SqFt $175
Year Built 1905
Year Renovated 1978
Buildings 1
Stories 2
Acreage 0.160
Zoning RSF
Investment Type Stabilized
15-unit student housing property. Available as part of a portfolio or individually
Marketing description
SVN Cornerstone is pleased to present the Spokane 29 Unit Portfolio for sale located in Spokane, WA. The Spokane 29 Unit Portfolio consists of The Villa Maria Apartments (15 units), Astor Apartments (8 units), and Seventh Apartments (6 units). All three properties have been very well maintained, and renovations have been completed across each property.
Investment highlights
VILLA MARIA APARTMENTS (418 E MISSION AVE)
- 15 bedroom house
- 5 shared bathrooms
- Common laundry room with 2 washers and 2 dryers
- Upgraded copper electrical wiring and asphalt shingle roof
- $100,000 in capital improvements, including full furnishings in each room and a high efficiency gas water heater
- Student housing property rented by the room
- Multiple common areas, including a large shared kitchen and furnished living spaces
- 5 parking spaces
- Double pane windows
- Fireplace in basement living room
Listing Contacts
Listed by SVN | Cornerstone
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