805 W Alice Ave - Multi-Family FOR SALE


Spokane, WA 99205- Emerson Garfield
$725,000 USD
509-494-3116
805 W Alice Ave, Spokane, WA for Sale
$725,000 USD
Multi-Family - FOR SALE
1/8
null | Request Cap Rate

805 W Alice Ave
Spokane, WA 99205
Emerson Garfield


HIGHLIGHTS

  • Well-maintained, prime value-add opportunity
  • Increase rents 13% with as-is unit interiors and 54% with renovations
  • Blueprints in-hand to add an additional 2x1+Den unit in the basement
  • Large units with back patios and yard space
  • Located in a family friendly neighborhood surrounded by schools, parks, jobs, & more
  • Situated near multiple bus stops, making travel throughout town easily accessible

OVERVIEW

Well-maintained, prime value-add opportunity in the highly desired market of Spokane. With room to push rents with as-is unit interiors as well as the opportunity to add additional 6th unit (2x1+Den), buyers are perfectly positioned to enhance operations to fully maximize returns.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

5

PRICE/UNIT

$145,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alice Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

35063.3507

ASK ABOUT THIS PROPERTY

Max FrameKidder MathewsMore Info
509-494-3116

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Max FrameKidder MathewsMore Info
509-494-3116

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