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620 S Cedar St

8 Unit Apartment Building $1,400,000 ($175,000/Unit) 6.23% Cap Rate Spokane, WA 99204

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Executive Summary

8 Completely Remodeled Studio Units
5 Long Term Units & 3 Short Term Rentals
Rental Income of $9,670/Month
Great Location on the South Hill
Mini Split Heat/AC in Each Unit
On Site Laundry Facilities & Carport Parking

620 S Cedar Flyer-5

Property Facts

Price	$1,400,000	Building Class	C
Price Per Unit	$175,000	Lot Size	0.10 AC
Sale Type	Investment	Building Size	4,500 SF
Cap Rate	6.23%	Average Occupancy	100%
No. Units	8	No. Stories	3
Property Type	Multifamily	Year Built	1954
Property Subtype	Apartment	Parking Ratio	1.3/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,400,000
Price Per Unit	$175,000
Sale Type	Investment
Cap Rate	6.23%
No. Units	8
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.10 AC
Building Size	4,500 SF
Average Occupancy	100%
No. Stories	3
Year Built	1954
Parking Ratio	1.3/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.