Standard Street Oasis Apartments | 6603 N Standard St
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Standard Street Oasis Apartments 6603 N Standard St
20 Unit Apartment Building $3,395,000 ($169,750/Unit) 4.72% Cap Rate Spokane, WA 99208
Investment Highlights
- Roofs installed in 2016
- 20 covered carports onsite
- Common laundry onsite
- Automatic security gates surrounding the property
Executive Summary
SVN Cornerstone has been selected to exclusively market the Standard Street Oasis Apartments for sale. The Standard Street Oasis Apartments are a 20 unit apartment complex in a gated community conveniently located in North Spokane with easy access to restaurants, shopping centers, schools and more.
(10) 3bed/1bath units and (10) 2bed/1bath units
Value add ability to utilize owner's unit as an additional unit and develop additional large space with fireplace (previously a rec room) as another unit adding 2 more units totalling 22 rentable units
(5) 4,560 SF 4-unit buildings all on one parcel
17 units have been fully renovated
Roofs installed in 2016
Common laundry onsite
20 covered carports onsite
Automatic security gates surrounding the property
(10) 3bed/1bath units and (10) 2bed/1bath units
Value add ability to utilize owner's unit as an additional unit and develop additional large space with fireplace (previously a rec room) as another unit adding 2 more units totalling 22 rentable units
(5) 4,560 SF 4-unit buildings all on one parcel
17 units have been fully renovated
Roofs installed in 2016
Common laundry onsite
20 covered carports onsite
Automatic security gates surrounding the property
Property Facts
| Price | $3,395,000 | Apartment Style | Garden |
| Price Per Unit | $169,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.30 AC |
| Cap Rate | 4.72% | Building Size | 22,800 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 3.29/1,000 SF |
| Price | $3,395,000 |
| Price Per Unit | $169,750 |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 22,800 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 3.29/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Hardwood Floors
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 750 |
| 3+1 | 10 | - | 900 - 1,135 |
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PROPERTY TAXES
| Parcel Number | 36293.0087 | Improvements Assessment | $1,978,050 |
| Land Assessment | $339,250 | Total Assessment | $2,317,300 |
PROPERTY TAXES
Parcel Number
36293.0087
Land Assessment
$339,250
Improvements Assessment
$1,978,050
Total Assessment
$2,317,300
zoning
| Zoning Code | RMF |
| RMF |
-
Jordan Lester, CCIM, MBA -
SVN | Cornerstone
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Standard Street Oasis Apartments | 6603 N Standard St
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