6125 N Mayfair St - Apartments FOR SALE


Spokane, WA 99208- Nevada Lidgerwood
$1,900,000 USD
509-481-0373
6125 N Mayfair St, Spokane, WA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

6125 N Mayfair St
Spokane, WA 99208
Nevada Lidgerwood


HIGHLIGHTS

  • 13 Units | 9- 1 Bed/1 Bath | 4- 2 Bed/ 1 Bath Units
  • 10 Carport Parking Spaces
  • Recent Unit Renovations

OVERVIEW

This well-maintained property features a desirable unit mix of nine one-bedroom, one-bath units and four two-bedroom, one-bath units, generating a monthly rental income of $13,210. Several of the apartments have been recently renovated with modern finishes and durable LVP flooring, offering both tenant appeal and long-term durability. Residents enjoy the convenience of covered carport parking spaces and on-site laundry facilities, while the classic stone exterior adds timeless curb appeal and low-maintenance durability. In addition to rent, tenants pay a variable utility fee each month, creating reliable income through utility recapture. With stable income in place and renovations already completed in many units, this property is a compelling opportunity for investors looking to acquire a solid asset in a growing rental market.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

13

PRICE/UNIT

$146,154

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northfair Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,650 SF

ZONING

GC

APN/PARCEL ID

36322.0722,36322.0724

ASK ABOUT THIS PROPERTY

Ryan TownerLT Real EstateMore Info
509-481-0373

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Ryan TownerLT Real EstateMore Info
509-481-0373

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