1427 W 7th Ave
Spokane, WA 99204
Cliff Cannon
HIGHLIGHTS
- 100% Occupied – Fully occupied property providing immediate and stable cash flow.
- Over $30K in Recent CapEx – Recent improvements include new water heaters and fresh exterior paint.
- Upgraded Copper Electrical Wiring – Copper electrical wiring reduces insurance concerns and future capital needs.
- Unique Property Layout – One unit is located in a separate building, offering added privacy and a distinctive unit mix.
- Prime Central Location – Conveniently located near a bus stop, hospitals, downtown Spokane, I-90, shopping, dining, and major employers.
OVERVIEW
SVN Cornerstone is pleased to present the Seventh Apartments for sale located at 1427 W 7th Ave in Spokane's Cliff Cannon neighborhood. The Seventh Apartments consist of six total units including five 1bed/1bath units and 1 studio. The property features three on site parking spaces, ample street parking, and a dedicated room that can be converted into a laundry room.
FOR SALE DETAILS
PRICE
$645,000 USD
PRICE/SF
$123 USD /SF
# OF UNITS
6
PRICE/UNIT
$107,500
CAP RATE
6.12%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Seventh Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1902
PARKING SPACES
3
LAND DETAILS
LAND ACRES
0.16 AC
LAND SF
6,970 SF
ZONING
RMF
APN/PARCEL ID
25244.3306
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
509-496-6922
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
509-496-6922
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
