12405 E 3rd Ave Active Save Request In-Person Tour Request Virtual Tour
Spokane Valley,WA 99216
Key Details
Property Type Multi-Family
Sub Type Rental
Listing Status Active
Purchase Type For Sale
Square Footage 16,088 sqft
Price per Sqft $175
Subdivision 3Rd & Pines Apartments
MLS Listing ID 202524125
Style Contemporary
Year Built 2021
Lot Size 0.600 Acres
Property Sub-Type Rental
Property Description
Discover a rare opportunity to own a modern Spokane Valley apartment building featuring 11 3-bed bed/2-bath apartments and two 1-bed/1-bath apartments. Ideally located near schools, shopping, dining, parks, and bordering the Appleway Trail, buyers have several paths to increase income through rent increases, laundry conversion, and utility fee payoff. Built in 2021, this low-maintenance property offers contemporary finishes and ample parking. Current rents are below market, providing a clear path to increased cash flow. Seller will pay remaining balance of sewer connection fee agreement at time of sale and significantly boost cash flow for buyers. Seller might also benefit from a conversion to in-unit laundry. With its strong location, newer construction, and immediate value-add potential, this is a compelling multi-family investment.
Location
State WA
County Spokane
Interior
Heating Electric,Forced Air
Exterior
Parking Features Off Site,None
Amenities Available Laundry,Storage,See Remarks
View Y/N true
Roof Type Composition
Building
Lot Description Level,City Bus (w/in 6 blks),Surveyed
Story 3
Structure Type Masonite
Schools
Elementary Schools Broadway
Middle Schools North Pines
High Schools Central Valley
School District Central Valley
Others
Acceptable Financing Conventional,Cash,Commercial
Listing Terms Conventional,Cash,Commercial