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1115 1st St
Cheney, WA 99004

The Greystone · Multifamily Property For Sale · 11 Units

PROPERTY FACTS

No. Units 11
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.19 AC
Building Size 8,706 SF
No. Stories 3
Year Built 1970
Parking Ratio 1.72/1,000 SF

Unit Amenities

  • Heating
  • Kitchen
  • Oven
  • Range

About 1115 1st St , Cheney, WA 99004

This is a well kept, highly visible 11 unit apartment in Cheney, Washington with great access to EWU. Currently way under-rented, this building offers a lot of upside in rents. Well maintained with an exceptionally low maintenance exterior and grounds. The walkways and stairs are concrete with aluminum railings. The interiors are in average condition meaning well maintained but not upgraded recently. All units are individually metered for their own heat, lights, hot water. There is a common laundry facility with leased machines and a separate room with a storage locker for each tenant. Ample, uncovered and unpaved parking is available in both the front and rear of the property. Rents are way below market but all leases turnover in the June - August time period allowing a new owner to step up the rents immediately.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 11 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13131.0506
Land Assessment
$116,380
Improvements Assessment
$981,220
Total Assessment
$1,097,600

zoning

Zoning Code R
R
  • Listing ID: 12934981

  • Date on Market: 6/19/2018

  • Last Updated:

  • Address: 1115 1st St, Cheney, WA 99004

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