8705 N Colton St - Apartments FOR SALE


Spokane, WA 99218- Nevada Lidgerwood
$725,000 USD
360-518-9381
8705 N Colton St, Spokane, WA for Sale
$725,000 USD
Apartments - FOR SALE
1/13
null | 7.1% Cap Rate

8705 N Colton St
Spokane, WA 99218
Nevada Lidgerwood


HIGHLIGHTS

  • Stainless Steel Appliances
  • Updated Vinyl Windows
  • In-Unit Laundry

OVERVIEW

Exceptional investor or owner-occupant opportunity featuring a well-maintained fourplex in North Spokane within the desirable Mead School District. With strong rental history and quality updates throughout, this property offers excellent income potential and long-term value. Each unit features just under 1,000 SF with 2 bedrooms, 2 bathrooms, including a primary suite, plus LVP flooring, updated cabinetry, stainless steel appliances, updated vinyl windows, in-unit laundry, and individual A/C units. Residents also enjoy private balconies or porches, off-street parking, and detached garages for added convenience and income potential. Gross Monthly Income: $5,360. NOI: $51,453.83. Cap Rate: 7.1%. Potential to package 803 W Knox Ave and 1511-1517 W Euclid Ave for expanded investment opportunity.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

4

PRICE/UNIT

$181,250

CAP RATE

7.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,177 SF

ZONING

RMF

APN/PARCEL ID

36202.0709

ASK ABOUT THIS PROPERTY

Derek RaivioLT Real EstateMore Info
360-518-9381

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Derek RaivioLT Real EstateMore Info
360-518-9381

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