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6511-6529 N Atlantic St
Spokane, WA 99208
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Located across the retail plaza of N Division and Francis
- Nine units are 2 bed/1 bath, and one is 1 bed/1 bath.
- 150'x128' lot featuring 10 units across two levels
- All ten units are leased out.
EXECUTIVE SUMMARY
Incredible opportunity to acquire this 10-unit apartment located across the retail plaza of N Division and Francis, near NorthTown Mall & city amenities. This 7,950 sq/ft building is situated on a 150'x128' lot and features 10 units across two levels, plus covered parking and a front yard with sprinkler system. Nine units are 750 sq/ft 2 bed/1 bath, and one is 550 sq/ft 1 bed/1 bath. All ten units are leased out. The units include a spacious entry living room and kitchen/dining room with ample white cabinetry, free-standing range, dishwasher & fridge. Don't miss this rare turn-key investment opportunity - learn more today!
PROPERTY FACTS
| Price Per Unit | $245,588 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 6.17% | Building Size | 12,228 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1964/2015 |
| Apartment Style | Low-Rise | Parking Ratio | 1.14/1,000 SF |
| Zoning | HDR | ||
| Price Per Unit | $245,588 CAD |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 12,228 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2015 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | HDR |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Eat-in Kitchen
- Refrigerator
- Range
- Yard
- Family Room
- Linen Closet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 9 | $1,715 CAD | 750 |
| 1+1 | 1 | $1,715 CAD | 550 |
PROPERTY TAXES
| Parcel Number | 36304.1818 | Improvements Assessment | $1,177,725 CAD |
| Land Assessment | $158,054 CAD | Total Assessment | $1,335,779 CAD |
PROPERTY TAXES
Parcel Number
36304.1818
Land Assessment
$158,054 CAD
Improvements Assessment
$1,177,725 CAD
Total Assessment
$1,335,779 CAD
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