101 W 4th Ave is a 57 unit, five story apartment building. Property has 29 one bedroom, 18 studio, and 10 two bedroom units, all single bathrooms. The property has a full basement with community laundry, bathrooms, and rec area. All floors are elevator accessible, and each unit has the opportunity to be individually metered. Each room is serviced by electric heat, and newer vinyl thermo-pane windows have been installed throughout the building. The units are very spacious, clean and well maintained. The building is a concrete and brick structure that was built in the early 50s. Property currently has a 13% cap rate! The building is serviced by the local PUD for electric, water, and sewer services.
Property has Art Deco style, matching the designs of famous Spokane architect Kirtland Cutter who designed several other local buildings in the early 1900's. When the building was first built is was labeled as the Miners Hotel, and in 1996 when the movie "The Postman" was filmed in the area, the top two floors were remodeled by the movie company.