Eagles Landing
Multifamily | 30 Units | $130,000/unit
Marketing description
MMG Real Estate Advisors is pleased to present Eagles Landing, a 30-unit multifamily community built in 1966 and renovated in 2021, located just a few blocks from Eastern Washington University (EWU). With enrollment of roughly 10,000+ students, EWU stands as one of the largest single demand drivers in the submarket, while the property's strong regional connectivity to Downtown Spokane, Spokane International Airport (GEG), Fairchild Air Force Base, and Gonzaga University broadens the renter pool to include military personnel, faculty, and traditional working professionals alongside students. Ownership has recently completed interior renovations and unit updates, a new roof, and exterior walkway updates, reducing near-term capital risk for a buyer. Eagles Landing is a stabilized, occupied asset with rents currently below market, offering investors a clear, executable path to rent growth through continued interior upgrades, along with an existing ancillary income stream from owned on-site laundry.
Investment highlights
- Located Blocks from Eastern Washington University
- Strong Connectivity Within the Greater Spokane Metro
- University-Anchored Submarket with Diversified Regional Demand
- Recently Completed Capital Improvements
- Walkable Location with Owned On-Site Laundry Income
- Value-Add Opportunity Through Below-Market Rents and Continued Unit Upgrades
- Stabilized, Cash-Flowing Asset in a Growing Spokane-Area Market
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