547-557 E Fairview Ave - Apartments FOR SALE


Spokane, WA 99207- Logan
$519,000 USD
509-995-8151
547-557 E Fairview Ave, Spokane, WA for Sale
$519,000 USD
Apartments - FOR SALE
1/23
null | 6.5% Cap Rate

547-557 E Fairview Ave
Spokane, WA 99207
Logan


HIGHLIGHTS

  • Easy Maintenance/Efficient Units
  • Corner Lot
  • Central Location
  • Carports
  • Individually Metered Heat, Lights & Hot Water

OVERVIEW

Compact and tidy, this 6 unit apartment property offers an excellent entry point or addition for multifamily investors. Each 1br/1ba unit has had a relatively recent facelift and has wall A/C and a covered parking spot. It may be possible to add a washer/dryer combo in each unit due to roughed in plumbing and electric in a closet. Membrane roof, irrigation for the small yard are also present.

FOR SALE DETAILS

PRICE

$519,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

6

PRICE/UNIT

$86,500

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Fairview Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,293 SF

ZONING

RSF

APN/PARCEL ID

35082.0312

ASK ABOUT THIS PROPERTY

Jay OverholserSDS Realty, Inc.More Info
509-995-8151

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Jay OverholserSDS Realty, Inc.More Info
509-995-8151

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