308-318 W 3rd St - Apartments FOR SALE


Cheney, WA 99004
$1,575,000 USD
509-315-8720
308-318 W 3rd St, Cheney, WA for Sale
$1,575,000 USD
Apartments - FOR SALE
1/43
null | 5.45% Cap Rate

308-318 W 3rd St
Cheney, WA 99004


OVERVIEW

Investment Opportunity! This portfolio includes three fully remodeled 4-bedroom, 2.5-bath duplexes plus a triplex at 17-21 5th Street featuring one 1-bedroom/1-bath and two 3-bedroom/2-bath units. All units offer open-concept floor plans, in-unit washers and dryers, and convenient attached garages at the 3rd Street duplexes. Located just minutes from Eastern Washington University, tenants enjoy easy access to shopping, dining, entertainment, and campus life. Combined rental income of $13,970 per month makes this an ideal opportunity for investors seeking stable cash flow in a high-demand area.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$126 USD /SF

# OF UNITS

6

PRICE/UNIT

$262,500

CAP RATE

5.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,471 SF

ZONING

R-3

APN/PARCEL ID

13133.1807,13133.1812,13133.1813

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.