HIGHLIGHTS
- Competitive Price Point – Offered at $115,833/unit with a 6.34% cap rate, this asset outperforms market comps averaging $128,073/unit and a 6.07% cap
- Stabilized Asset – With rents only 2.1% below market, this turnkey property is already cash flowing. Light renovations including new flooring, paint,
- Prime Central Location – Situated in the Logan neighborhood, residents benefit from quick access to Gonzaga Prep High School, Gonzaga University, Spok
- Valuable Amenities – Features like onsite laundry and dedicated parking for each unit boost tenant satisfaction and improve retention
- Strong Rental Demand – The 1 bed/1 bath layouts are ideal for singles, couples, and professionals, ensuring consistent occupancy and long-term income
FOR SALE DETAILS
PRICE
$695,000 USD
PRICE/SF
$256 USD /SF
# OF UNITS
6
PRICE/UNIT
$115,833
CAP RATE
6.34%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hogan Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1978
PARKING SPACES
6
LAND DETAILS
LAND ACRES
0.15 AC
LAND SF
6,599 SF
ZONING
RMF
APN/PARCEL ID
35092.1002
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 Policy.
Please correct the highlighted field(s).
509-496-6922
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
