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Spokane 32 Unit Portfolio 3 Multifamily Properties Offered at $4,295,100 CAD in Spokane, WA
Investment Highlights
- Four property portfolio totaling 32 units across multiple locations, reducing risk and providing a balanced income stream
- Currently self managed, showing the portfolio is simple to operate and easy to transition to new ownership
- Ability to sell as a portfolio or individually, providing multiple strategies to maximize value on disposition
- Well maintained properties with recent renovations and in place income, offering immediate cash flow with limited near term capital needs
- Close proximity of assets allows for efficient management, maintenance, and leasing across the portfolio
Executive Summary
SVN Cornerstone is pleased to present the Spokane 32 Unit Portfolio for sale located in Spokane, WA. The Spokane 32 Unit Portfolio consists of The Villa Maria Apartments (15 units), Astor Apartments (8 units), Seventh Apartments (6 units), and Carlisle Apartments (3 units). All four properties have been very well maintained, and renovations have been completed across each property.
Property Facts
| Price | $4,295,100 CAD | Number of Properties | 4 |
| Price / SF | $229.15 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.06% | Total Building Size | 18,744 SF |
| Sale Type | Investment | Total Land Area | 0.49 AC |
| Status | Active |
| Price | $4,295,100 CAD |
| Price / SF | $229.15 CAD / SF |
| Cap Rate | 6.06% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 18,744 SF |
| Total Land Area | 0.49 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2228 N Astor St, Spokane, WA 99207 | Multifamily | 7,494 SF | 1906 | - |
| 418 E Mission Ave, Spokane, WA 99202 | Multifamily | 6,000 SF | 1905 | - |
| 1427 W 7th Ave, Spokane, WA 99204 | Multifamily | 5,250 SF | 1902 | - |
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Spokane 32 Unit Portfolio
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