$1,550,000 USD
509-496-6922
12402 E Broadway Ave
Spokane Valley, WA 99216
Opportunity
HIGHLIGHTS
- Newer Construction (2020) – Modern building with efficient systems and low anticipated maintenance
- Large, High-Quality Units – 1,871 SF layouts with modern finishes, in-unit W/D, private patios/balconies, off-street parking, and deep one-car garages
- Investor-Friendly Spokane Valley – Fewer regulatory hurdles and 90-day rent increase notices (vs. 180 days in the City of Spokane)
- Strong Rental Demand – Desirable Spokane Valley location near I-90, schools, parks, and major employment centers
- Immediate Rental Upside – Average in-place rents of $2,063 vs. $2,200 market
OVERVIEW
SVN Cornerstone is pleased to present the Eastside Estates for sale located at 12402 E Broadway Ave in the Spokane Valley. The Eastside Estates consist of 5 two-story townhome units, each offering three bedrooms and three bathrooms. The property features newer construction with high end finishes, one attached garage per unit, in unit washer and dryer, and kitchen islands designed for modern living.
FOR SALE DETAILS
PRICE
$1,550,000 USD
PRICE/SF
$151 USD /SF
# OF UNITS
5
PRICE/UNIT
$310,000
CAP RATE
4.78%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Eastside Estates
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2021
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.56 AC
LAND SF
24,394 SF
ZONING
CMU
APN/PARCEL ID
45153.0418
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509-496-6922
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509-496-6922
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