Serrano Apartments is a 300-unit multifamily community located in Spokane, Washington, featuring a mix of studio, one, two, and three-bedroom units. Built in 1981/1984, the property is currently 90% occupied and offers a strong value-add opportunity for investors. The community includes three tiers of unit finishes—(54) Classic 124 Gold and 122 Platinum. Platinum and Gold units have been upgraded with modern features such as updated appliances, refaced cabinets, new lighting fixtures, luxury vinyl plank flooring, and updated countertops. This presents significant upside potential through continued renovation of Classic units to Platinum or Gold standards, allowing for rental increases and alignment with current market rates. Located just off N Division Street and only five miles from Downtown Spokane, Serrano Apartments enjoys excellent accessibility to major employment centers, retail, and entertainment. Its prime location and renovation potential position it as an attractive investment with room for enhanced cash flow and long-term value growth.