101 W Fourth Ave - Apartments FOR SALE


Metaline Falls, WA 99153
$2,400,000 USD
509-670-2636
101 W Fourth Ave, Metaline Falls, WA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/49
null | 13% Cap Rate

101 W Fourth Ave
Metaline Falls, WA 99153


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$39 USD /SF

# OF UNITS

57

PRICE/UNIT

$42,105

CAP RATE

13%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pend Oreille Apartments and Miners Hotel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

-

APN/PARCEL ID

433921-51-0002

ASK ABOUT THIS PROPERTY

Don StrandemoPend Oreille Apartments LLCMore Info
509-670-2636

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Don StrandemoPend Oreille Apartments LLCMore Info
509-670-2636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.