2009 S Grand Blvd - Apartments FOR SALE


Spokane, WA 99203- Rockwood
$2,500,000 USD
208-770-2595
2009 S Grand Blvd, Spokane, WA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

2009 S Grand Blvd
Spokane, WA 99203
Rockwood


OVERVIEW

Executive Housing | Short Term Rental Opportunity Montrose on the Park presents a short term rental opportunity to provide significant rental upside immediately, a rare asset in Spokane’s premier South Hill neighborhood. Currently operating as a fully leased long-term rental income property with below market rents. Located directly across from Manito Park, this four-building community, built in 2011, spans ±7,528 square feet on a ±0.36-acre parcel and includes covered parking for residents. Each of the eight thoughtfully designed units features in-suite laundry, contemporary finishes, and efficient layouts that appeal to quality-conscious renters. Situated just minutes from Spokane’s Medical District and Downtown core, the property’s location also positions it as an exceptional candidate for short-term or medium-term rental conversion, catering to the robust sports tourism, traveling medical professionals, visiting faculty, and hospital staff seeking furnished housing close to major healthcare employers.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

8

PRICE/UNIT

$312,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Montrose on the Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2011

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,725 SF

ZONING

Residential

APN/PARCEL ID

35292.1705

ASK ABOUT THIS PROPERTY

Casey BrazilKiemle & HagoodMore Info
208-770-2595

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Casey BrazilKiemle & HagoodMore Info
208-770-2595

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.