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2012 N Park Rd 8 Unit Apartment Building $1,383,627 CAD ($172,953 CAD/Unit) 6.69% Cap Rate Spokane, WA 99212
Investment Highlights
- 8 Units - 2 -2BD/1B - 6 - 1BD/1B
- Ground-Floor Units
- On-Site Laundry
- Rental Income of $8,151 monthly
- Durable LVP Flooring
Executive Summary
Investment Opportunity - Well-maintained 8 unit property in Spokane Valley featuring a mix of 2-bedroom, 1-bath and 1-bedroom, 1-bath units. Each unit features LVP flooring throughout the main living areas. Kitchens are appointed with tile accents and butcher block countertops, blending practicality with updated finishes. Bedrooms are generously sized with ample closet space for storage. Additional amenities include off-street parking and onsite laundry facilities. Conveniently located near shopping, dining, parks, close freeway access.
Property Facts
| Price | $1,383,627 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $172,953 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 6.69% | Building Size | 6,652 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 2.25/1,000 SF |
| Zoning | R-4 | ||
| Price | $1,383,627 CAD |
| Price Per Unit | $172,953 CAD |
| Sale Type | Investment |
| Cap Rate | 6.69% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 6,652 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 2.25/1,000 SF |
| Zoning | R-4 |
Amenities
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 700 |
| 2+1 | 2 | - | 800 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $768,921 CAD | |
| Land Assessment | $189,967 CAD | Total Assessment | $958,888 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$189,967 CAD
Improvements Assessment
$768,921 CAD
Total Assessment
$958,888 CAD
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2012 N Park Rd
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