6615 N Atlantic St - Apartments FOR SALE


Spokane, WA 99208- Town and Country
$1,650,000 USD
509-494-3116
6615 N Atlantic St, Spokane, WA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/13
null | 6.87% Cap Rate

6615 N Atlantic St
Spokane, WA 99208
Town and Country


HIGHLIGHTS

  • Well-maintained, value-add apartment building with majority 2 bedroom units
  • Amenity rich location surrounded by jobs, shopping, schools, parks & more
  • 0.9 Miles from Providence Hospital and 2.4 Miles from Whitworth University
  • In-Place Rents Within 10% of Market Rate
  • Desirable amenities including air conditioning, covered parking, large kitchens, and courtyard

OVERVIEW

Atlantic is a well-maintained, value-add apartment building in North Spokane located just 0.9 miles from Providence Hospital and 2.4 miles from Whitworth University. The property features majority two-bedroom units with desirable amenities including air conditioning, covered parking, large kitchens, and a central courtyard. Located near jobs, shopping, schools, and parks, this is an ideal investment with current rents within 10% of market rates.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

24

PRICE/UNIT

$68,750

CAP RATE

6.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atlantic Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,043 SF

ZONING

Commercial

APN/PARCEL ID

36304.1819

ASK ABOUT THIS PROPERTY

Max FrameKidder MathewsMore Info
509-494-3116

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

Max FrameKidder MathewsMore Info
509-494-3116

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