1324 W 5th Ave | Spokane, WA 99204
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- LoopNet Team
1324 W 5th Ave
Spokane, WA 99204
Highland Halls · Multifamily Property For Sale · 28 Units
INVESTMENT HIGHLIGHTS
- Opportunity to raise rents 34% upon turnover and 66% with renovations
- Well maintained, prime value-add opportunity
- Both buildings feature a new roof installed in 2022
- Located in the highly desired South Hill Neighborhood
- Situated just down the street from multiple hospitals and medical centers
- Majority of tenants on either month-to-month or short term leases
PROPERTY FACTS
| No. Units | 28 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 13,671 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1938/2022 |
| Building Class | C | Parking Ratio | 0.44/1,000 SF |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 13,671 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1938/2022 |
| Parking Ratio | 0.44/1,000 SF |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 26 | - | 650 - 790 |
| 2+1 | 2 | - | 600 |
PROPERTY TAXES
| Parcel Number | 35192.4007 | Improvements Assessment | $1,304,480 |
| Land Assessment | $112,220 | Total Assessment | $1,416,700 |
PROPERTY TAXES
Parcel Number
35192.4007
Land Assessment
$112,220
Improvements Assessment
$1,304,480
Total Assessment
$1,416,700
ZONING
| Zoning Code | OR |
| OR |
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