$675,000 USD
509-496-6922
7307 E 6th Ave
Spokane Valley, WA 99212
Dishman Hills
HIGHLIGHTS
- Spokane Valley location with lower utility costs, 120 day rent increase notices versus 180 days in the City of Spokane &fewer regulatory restrictions
- Interior and Exterior Upgrades
- The cottage sits on its own portion of the large 0.42 acre lot and may provide the opportunity for a future subdivision and separate sale
- Romex electrical wiring, Siemens electrical panels, & updated PEX & galvanized plumbing will help simplify insurance
- Covered carports and common area washer and dryer facilities provide additional income potential
OVERVIEW
SVN Cornerstone is pleased to present the Sixth Avenue Apartments for sale located at 7307 E 6th Ave in the Spokane Valley. The Sixth Avenue Apartments consist of 6 units, including 1 two bedroom one bathroom unit, 4 one bedroom one bathroom units, and 1 studio cottage located on the same parcel. The property also features a common area coin operated washer and dryer, covered tenant carports, a storage shed, ample off street parking, and a patio area for tenants.
FOR SALE DETAILS
PRICE
$675,000 USD
PRICE/SF
$230 USD /SF
# OF UNITS
6
PRICE/UNIT
$112,500
CAP RATE
6.73%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sixth Avenue Apartments
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1956
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.42 AC
LAND SF
18,447 SF
ZONING
R-3
APN/PARCEL ID
35241.3621
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509-496-6922
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509-496-6922
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