The Fairview Apartments | 547-557 E Fairview Ave
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The Fairview Apartments 547-557 E Fairview Ave
6 Unit Apartment Building $675,000 ($112,500/Unit) 6.40% Cap Rate Spokane, WA 99207
Investment Highlights
- Stabilized & Fully Rented
- Updates to Units & Exterior
- Rental Income of $5,155/Month
Executive Summary
• 6 - 1 Bed/1 Bath Units
• Stabilized & Fully Rented
• Rental Income of $5,155/Month
• Carports & Off Street Parking
• Updates to Units & Exterior
• Located Close to Schools & Parks
• Stabilized & Fully Rented
• Rental Income of $5,155/Month
• Carports & Off Street Parking
• Updates to Units & Exterior
• Located Close to Schools & Parks
Property Facts
| Price | $675,000 | Building Class | C |
| Price Per Unit | $112,500 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 4,902 SF |
| Cap Rate | 6.40% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 2.45/1,000 SF |
| Apartment Style | Low Rise |
| Price | $675,000 |
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,902 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 2.45/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 750 |
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PROPERTY TAXES
| Parcel Number | 35082.0312 | Improvements Assessment | $497,930 |
| Land Assessment | $79,370 | Total Assessment | $577,300 |
PROPERTY TAXES
Parcel Number
35082.0312
Land Assessment
$79,370
Improvements Assessment
$497,930
Total Assessment
$577,300
zoning
| Zoning Code | RSF |
| RSF |
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The Fairview Apartments | 547-557 E Fairview Ave
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