930 N Washington St - Apartments FOR SALE


Spokane, WA 99201- City Center Spokane
$12,000,000 USD
509-494-3116
930 N Washington St, Spokane, WA for Sale
$12,000,000 USD
Apartments - FOR SALE
1/15
null | 6.61% Cap Rate

930 N Washington St
Spokane, WA 99201
City Center Spokane


HIGHLIGHTS

  • Value-add opportunity in the highly desirable Riverside Neighborhood
  • Centrally located surrounded by bars, restaurants, shopping, parks & more
  • Strong in-place rents with the ability to increase 6% to market & 34% through renovations
  • Large unit layouts featuring unobstructed views of the Spokane's Downtown
  • Significant upside through operational performance
  • Ample property amenities including pool, lounge, BBQ, balconies & air conditioning

OVERVIEW

Altura Apartments is a premier 84-unit value-add opportunity located in Spokane’s highly desirable Riverside neighborhood, offering residents walkable access to popular bars, restaurants, shopping, parks, and downtown amenities. The property features large unit layouts with unobstructed views of downtown Spokane, complemented by an attractive amenity package including a pool, resident lounge, BBQ area, private balconies, and air conditioning. With strong in-place rents and the potential to achieve approximately 6% upside to market rents and up to 34% through unit renovations, Altura Apartments presents investors with significant operational and revenue growth potential in one of Spokane’s most central and sought-after locations.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$136 USD /SF

# OF UNITS

84

PRICE/UNIT

$142,857

CAP RATE

6.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Altura

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

10

YEAR BUILT

1972

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

DTG

APN/PARCEL ID

35181.1108

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 Notice.