404 2nd St | Cheney, WA 99004
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- LoopNet Team
404 2nd St
Cheney, WA 99004
Student Housing / Multifamily Conversion Opp. · Multifamily Property For Sale · 41 Units
Investment Highlights
- Brewster Hall is a student housing community that formerly had a master lease with Eastern Washington University.
- Approximately 59% of households are renter-occupied, and 65% are one- and two-person occupied, signifying the strong demand for small rental units.
- 404 2nd St offers easy access to the downtown Spokane hub via I-90 and multiple public transit bus stops within one to three blocks.
- Nestled in a Cheney suburb, the current 10-mile radius reports a 35,600+ population count.
- 41 unit / 137 bed community plus 4,704 sf of retail. Ability to keep as student or convert to 50 One-Bedroom multifamily units.
- The property is offered with an easement of up to 40 parking spaces.
PROPERTY FACTS
| Sale Conditions | Auction Sale | Lot Size | 0.34 AC |
| No. Units | 41 | Building Size | 47,548 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Dormitory | No. Stories | 4 |
| Apartment Style | Mid Rise | Year Built | 2002 |
| Building Class | B |
| Sale Conditions | Auction Sale |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 47,548 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built | 2002 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,724,900 | |
| Land Assessment | $180,000 | Total Assessment | $5,904,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$180,000
Improvements Assessment
$5,724,900
Total Assessment
$5,904,900
zoning
| Zoning Code | M-C-1 |
| M-C-1 |
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