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Listed by Chris Nye • MLS4owners.com
$725,000
Est. payment /mo
7,249 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 7,249 sqft
Price per Sqft $100
MLS Listing ID 202626734
Year Built 1909
Annual Tax Amount $4,993
Property Sub-Type Residential Income
Property Description
Offered at $725,000 ($104k/unit), 10th Avenue Apartments is a compelling cash-flow opportunity in Spokane's historic Cliff/Cannon neighborhood. Individually metered and 100% occupied, the property provides immediate, stable income, with total monthly revenue of $7,792. Significant capital improvements are complete, reducing near-term needs for new ownership: a new roof (2022), exterior paint, a new hot water heater, common-area interior paint, parking updates, and a new electronic garage door opener. Residents also enjoy on-site laundry, garage storage, and off-street parking. Four of seven units have been renovated, pairing updated interiors with original character: high ceilings, original wood floors and LVP, skylights, fireplaces, and covered porches. Located on the lower South Hill, the property is minutes from downtown, the Medical District, parks, and Huckleberry's Natural Market, with convenient access to major employers, shopping, recreation, and transit.
Location
State WA
County Spokane
Rooms
Basement See Remarks
Interior
Heating Steam
Appliance Free-Standing Range, Gas Range, Refrigerator
Exterior
Parking Features Attached, Alley Access
Garage Spaces 1.0
Amenities Available See Remarks
View Y/N true
Roof Type Composition
Building
Story 4
Structure Type See Remarks
Schools
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash, Commercial
Listing Terms Conventional, Cash, Commercial
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