7723 W Sunset Hwy - Apartments FOR SALE


Spokane, WA 99224
$1,995,000 USD
509-995-8151
7723 W Sunset Hwy, Spokane, WA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/25
null | 6.33% Cap Rate

7723 W Sunset Hwy
Spokane, WA 99224


HIGHLIGHTS

  • Great Visibility
  • Close to all services
  • Strong unit mix of 2b and 3br
  • Value Add

OVERVIEW

Value Add play! This 16 unit has a solid unit mix and advantageous location on the fast growing West Plains in the Spokane metro area. It needs some TLC and new energy to enhance the return. Situated on a little more than two acres, there may be a development play along the highway frontage. Ample parking, covered and uncovered.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

16

PRICE/UNIT

$124,688

CAP RATE

6.33%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New West Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

26

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,427 SF

ZONING

S-LI

APN/PARCEL ID

25291.9002,25291.9003,25291.9047

ASK ABOUT THIS PROPERTY

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

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

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

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