404 2nd St - Apartments FOR SALE
Cheney, WA 99004 |
NO PHOTO
Off Market
404 2nd St
Cheney, WA 99004
HIGHLIGHTS
- Brewster Hall is a student housing community that formerly had a master lease with Eastern Washington University.
- Nestled in a Cheney suburb, the current 10-mile radius reports a 35,600+ population count.
- Approximately 59% of households are renter-occupied, and 65% are one- and two-person occupied, signifying the strong demand for small rental units.
- 41 unit / 137 bed community plus 4,704 sf of retail. Ability to keep as student or convert to 50 One-Bedroom multifamily units.
- 404 2nd St offers easy access to the downtown Spokane hub via I-90 and multiple public transit bus stops within one to three blocks.
- The property is offered with an easement of up to 40 parking spaces.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Student Housing / Multifamily Conversion Opp.
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
47548
STORIES
4
YEAR BUILT
2002
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
13132.1906,13132.1907