$1,100,000 USD
509-496-6922
1017 W Montgomery Ave
Spokane, WA 99205
Emerson Garfield
HIGHLIGHTS
- Total land size is 0.43 acres or 18,731 SF
- Six total 1bed/1bath units across the two triplexes
- Current rental income totals $5,150/month (contact listing agent for triplex financials)
- Redevelopment opportunity with flexible CC2-DC zoning (see zoning details on page 5 of the sale flyer)
- Available for sale or joint venture partnership
- Seller financing available with 20% down payment and a 5 year term
OVERVIEW
SVN Cornerstone is pleased to present the Monroe Street Triplexes and Development Site for sale, located at 1007 W Montgomery Ave in Spokane. This property is ideally situated in the vibrant Monroe District near a variety of amenities, including schools, restaurants, shopping, entertainment, and parks, making it an ideal location for developers, investors, and residents.
FOR SALE DETAILS
PRICE
$1,100,000 USD
PRICE/SF
$260 USD /SF
# OF UNITS
6
PRICE/UNIT
$183,333
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2021
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.46 AC
LAND SF
19,955 SF
ZONING
RSF
APN/PARCEL ID
35073.2504,35073.2505,35073.2506
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509-496-6922
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509-496-6922
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