Listed by SVN | Cornerstone
$945,000
Astor Apartments
Details
APN 35082.3606
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,327
Units 8
Cap Rate 6.07%
Price per SqFt $101
Year Built 1906
Buildings 1
Stories 2
Acreage 0.170
Zoning RSF
Investment Type Stabilized
8-unit apartment building. 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
ASTOR APARTMENTS (2228 N ASTOR ST)
- Unit mix includes 1 3 bed/1 bath unit, 2 2 bed/1 bath units, 4 1 bed/1 bath units, and 1 studio
- $50,000 in capital improvements, including new water heaters and a full remodel of Unit 7
- Upgraded copper electrical wiring
- Common laundry room with 1 washer and 1 dryer
- Originally built as an apartment building
- Ample street parking available for tenants
- Fenced backyard
Listing Contacts
Listed by SVN | Cornerstone
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