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2002 W 8th Ave

5 Unit Apartment Building Offered at $725,000 at a 6.21% Cap Rate in Spokane, WA 99204

Investment Highlights

  • 2 Garages for Additional Rental Income
  • Potential to Add Additional Units
  • On Site Laundry Facilities

Executive Summary

4 - 1 Bed/1 Bath Units & 1 - 3 Bed/1 Bath Unit
2 Garages for Additional Rental Income
On Site Laundry Facilities
Potential to Add Additional Units
Recent Unit Updates & Architectural Charm
Great South Hill Location Close to 1-90
Walking Distance to Restaurants, Shopping &
Parks

Attachments

2002 W 8th Flyer

Property Facts

Price $725,000
Price Per Unit $145,000
Sale Type Investment
Cap Rate 6.21%
No. Units 5
Property Type Multifamily
Lot Size 0.23 AC
Building Size 4,296 SF
No. Stories 2
Year Built 1910
Opportunity Zone Yes

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - -
3+1 1 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
25244.4803
Land Assessment
$100,000
Improvements Assessment
$384,500
Total Assessment
$484,500

zoning

Zoning Code RMF
RMF
  • Listing ID: 34088716

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 2002 W 8th Ave, Spokane, WA 99204

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