620 S Walnut St - Apartments FOR SALE


Spokane, WA 99204- Cliff Cannon
$1,250,000 USD
509-321-2000
620 S Walnut St, Spokane, WA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/4
null | 5.34% Cap Rate

620 S Walnut St
Spokane, WA 99204
Cliff Cannon


HIGHLIGHTS

  • New roof installed in 2024
  • Covered parking with secure entry and interior mailroom
  • Low-maintenance Hardie board siding with vinyl windows and weather-protected stairways
  • Upgraded appliances and fully conduit-encased wiring
  • On-site washer & dryer with average monthly income of $150
  • Quality kitchen and bathroom finishes with covered patios and city views

OVERVIEW

Great opportunity to own a high quality 8 unit apartment complex on Spokane's lower south hill. All major improvements have been completed, so there is very little expected maintenance. Property is a mix of four one-bedroom units and four two-bedroom units.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

8

PRICE/UNIT

$156,250

CAP RATE

5.34%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Timber Ridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RHD

APN/PARCEL ID

25244.3108

ASK ABOUT THIS PROPERTY

Matthew ByrdSVN CornerstoneMore Info
509-321-2000

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Matthew ByrdSVN CornerstoneMore Info
509-321-2000

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