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1627 W 7th Ave

8 Unit Apartment Building $1,160,000 ($145,000/Unit) 6% Cap Rate Spokane, WA 99204

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Investment Highlights

On Site Laundry Facilities
Brick Exterior & Carport Parking

Rental Income of $6,798/Month

Executive Summary

4 - 1 Beds, 2 - 2 Beds & 2 Studios
On Site Laundry Facilities
Rental Income of $8,647/Month
Brick Exterior & Carport Parking
Great South Hill Location Close to 1-90
Walking Distance to Restaurants, Shopping
& Parks

1627 W 7th Flyer-2

Property Facts

Price	$1,160,000	Building Class	C
Price Per Unit	$145,000	Lot Size	0.16 AC
Sale Type	Investment	Building Size	7,876 SF
Cap Rate	6%	Average Occupancy	100%
No. Units	8	No. Stories	2
Property Type	Multifamily	Year Built	1956
Property Subtype	Apartment	Parking Ratio	0.51/1,000 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	$1,160,000
Price Per Unit	$145,000
Sale Type	Investment
Cap Rate	6%
No. Units	8
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.16 AC
Building Size	7,876 SF
Average Occupancy	100%
No. Stories	2
Year Built	1956
Parking Ratio	0.51/1,000 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.