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Montrose on the Park 2009 S Grand Blvd 8 Unit Apartment Building $3,489,800 CAD ($436,225 CAD/Unit) Spokane, WA 99203
EXECUTIVE SUMMARY
Executive Housing | Short Term Rental Opportunity
Montrose on the Park presents a short term rental opportunity to provide significant rental upside immediately, a rare asset in Spokane’s premier South Hill neighborhood. Currently operating as a fully leased long-term rental income property with below market rents. Located directly across from Manito Park, this four-building community, built in 2011, spans ±7,528 square feet on a ±0.36-acre parcel and includes covered parking for residents. Each of the eight thoughtfully designed units features in-suite laundry, contemporary finishes, and efficient layouts that appeal to quality-conscious renters. Situated just minutes from Spokane’s Medical District and Downtown core, the property’s
location also positions it as an exceptional candidate for short-term or medium-term rental conversion, catering to the robust sports tourism, traveling medical professionals, visiting faculty, and hospital staff seeking furnished housing close to major healthcare employers.
Montrose on the Park presents a short term rental opportunity to provide significant rental upside immediately, a rare asset in Spokane’s premier South Hill neighborhood. Currently operating as a fully leased long-term rental income property with below market rents. Located directly across from Manito Park, this four-building community, built in 2011, spans ±7,528 square feet on a ±0.36-acre parcel and includes covered parking for residents. Each of the eight thoughtfully designed units features in-suite laundry, contemporary finishes, and efficient layouts that appeal to quality-conscious renters. Situated just minutes from Spokane’s Medical District and Downtown core, the property’s
location also positions it as an exceptional candidate for short-term or medium-term rental conversion, catering to the robust sports tourism, traveling medical professionals, visiting faculty, and hospital staff seeking furnished housing close to major healthcare employers.
PROPERTY FACTS
| Price | $3,489,800 CAD | Apartment Style | Garden |
| Price Per Unit | $436,225 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Gross Rent Multiplier | 75 | Building Size | 7,528 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2011 |
| Property Subtype | Apartment | ||
| Zoning | Residential - Residential 1 (R1) | ||
| Price | $3,489,800 CAD |
| Price Per Unit | $436,225 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 75 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.36 AC |
| Building Size | 7,528 SF |
| No. Stories | 2 |
| Year Built | 2011 |
| Zoning | Residential - Residential 1 (R1) |
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PROPERTY TAXES
| Parcel Number | 35292.1705 | Improvements Assessment | $2,016,669 CAD |
| Land Assessment | $308,928 CAD | Total Assessment | $2,325,596 CAD |
PROPERTY TAXES
Parcel Number
35292.1705
Land Assessment
$308,928 CAD
Improvements Assessment
$2,016,669 CAD
Total Assessment
$2,325,596 CAD
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Montrose on the Park | 2009 S Grand Blvd
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