201 5th St - Apartments FOR SALE
Cheney, WA 99004 |
$425,000 USD
509-496-6922
201 5th St
Cheney, WA 99004
HIGHLIGHTS
- Desirable Unit Mix - Includes one spacious 3 bed 1 bath unit and three 1 bed/1 bath units, ideal for range of renters from students to small families
- Strong Location - Situated in Cheney, WA just 3 blocks from Eastern Washington University, 20 minutes from downtown Spokane
- Value-Add Opportunity - Rents can be increased to market levels with minor cosmetic upgrades, allowing for immediate income growth
- Tenant-Friendly Amenities - shared laundry room, 2 on-site storage sheds, and 3 dedicated off-street parking spots to enhance tenant satisfaction
- Stable Demand – Proximity to EWU in Cheney supports strong occupancy and long-term rental stability
OVERVIEW
SVN Cornerstone is pleased to present the Fifth Street Apartments for sale - a well-located, low-maintenance fourplex with value-add potential just three blocks from Eastern Washington University. The property includes one 3 bedroom 1 bathroom unit, three 1 bedroom 1 bathroom units, a shared laundry room, two storage sheds, and a shared parking lot.
FOR SALE DETAILS
PRICE
$425,000 USD
PRICE/SF
$125 USD /SF
# OF UNITS
4
PRICE/UNIT
$106,250
CAP RATE
6.73%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1945
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.23 AC
LAND SF
10,019 SF
ZONING
R-3
APN/PARCEL ID
13132.4801
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509-496-6922
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509-496-6922
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