10101 E Main Ave - Apartments FOR SALE


Spokane, WA 99206- Dishman Hills
$5,950,000 USD
206-442-2764
10101 E Main Ave, Spokane, WA for Sale
$5,950,000 USD
Apartments - FOR SALE
1/11
null | 7.02% Cap Rate

10101 E Main Ave
Spokane, WA 99206
Dishman Hills


HIGHLIGHTS

  • 5-minute drive to Downtown Spokane
  • Large two-acre corner lot with future development potential
  • Across the street from Balfour Park and Spokane Valley Library
  • Desirable mix of large 1-bedroom and 2-bedroom apartments (963 SF Avg)
  • Walking distance to nearby amenities, including WinCo Foods and various shops and restaurants
  • Excellent cash flow opportunity located in the heart of fast-growing Spokane Valley

OVERVIEW

CBRE proudly presents The Manor Vale Apartments, a 38-unit investment opportunity located in beautiful Spokane Valley, Washington. Ideally situated across the street from Balfour Park and the new Spokane Valley Library, which is part of a thriving cultural and recreational hub, this charming garden-style complex consists of four buildings spread across a large two-acre corner lot. The property features a desirable mix of large 1-bedroom and 2-bedroom units, each with a private deck or patio, and a community swimming pool with a barbecue area. The Manor Vale Apartments offers a buyer the combination of good in-place rents and the potential for further upside in a fast-growing location.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

38

PRICE/UNIT

$156,579

CAP RATE

7.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Manor Vale Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

UR22

APN/PARCEL ID

45174.2516

ASK ABOUT THIS PROPERTY

206-442-2764

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206-442-2764

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