2009 S Grand Blvd - Apartments FOR SALE


Spokane, WA 99203- Rockwood
$1,890,000 USD
509-315-8720
2009 S Grand Blvd, Spokane, WA for Sale
$1,890,000 USD
Apartments - FOR SALE
1/7
null | 5.08% Cap Rate

2009 S Grand Blvd
Spokane, WA 99203
Rockwood


HIGHLIGHTS

  • Across from Manito Park
  • Minutes from Spokane's Medical District
  • Contemporary Finishes

OVERVIEW

This well-maintained 8-unit multifamily property offers a strong investment opportunity with 7,528 SF of building space, constructed in 2011. The property features eight spacious 2-bedroom, 1.5-bath units, each equipped with an in-unit washer and dryer, covered parking, and contemporary finishes. Generating approximately $12,033 in monthly gross income and $95,970.95 in annual NOI, the property offers a 5.08% cap rate. Ideally located directly across from Manito Park and just minutes from Spokane’s Medical District, this property combines desirable tenant amenities with a convenient location in one of Spokane’s established neighborhoods.

FOR SALE DETAILS

PRICE

$1,890,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

8

PRICE/UNIT

$236,250

CAP RATE

5.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2009 South Grand Boulevard

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2011

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,778 SF

ZONING

Residential

APN/PARCEL ID

35292.1705

ASK ABOUT THIS PROPERTY

Dallas LightnerLT Real EstateMore Info
509-315-8720

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Dallas LightnerLT Real EstateMore Info
509-315-8720

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