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Listed by Derek Raivio • LT Real Estate
$ 4,250,000
Est. payment | /mo
42,500 SqFt
$ 4,250,000
Est. payment | /mo
42,500 SqFt
Key Details
Property Type Multi-Family
Sub Type Rental
Listing Status Active
Purchase Type For Sale
Square Footage 42,500 sqft
Price per Sqft $100
MLS Listing ID 202526824
Year Built 1912
Lot Size 0.320 Acres
Lot Dimensions 0.32
Property Sub-Type Rental
Property Description
Prime mixed-use property in Spokane's sought-after South Hill neighborhood. The building features 1,015 sqft retail space with a coffee tenant in place with five years left on the lease and twenty-nine apartments above. Located in an Opportunity Zone, the property offers valuable tax benefits and strong income potential. The unit mix includes eighteen one-bedroom and eleven two-bedroom apartments, all with spacious layouts and quality finishes. Rent upside of 10%-20% provides additional growth potential. A solid investment opportunity in a high-demand location close to downtown, shopping, and dining.
Location
State WA
County Spokane
Rooms
Basement Unfinished, Laundry
Interior
Heating Electric, Baseboard
Exterior
Parking Features Off Site, Alley Access
Amenities Available Laundry
View Y/N true
Roof Type Flat
Building
Story 4
Structure Type Brick
Schools
Elementary Schools Roosevelt
Middle Schools Sacajawea
High Schools Lewis & Clark
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash, Commercial
Listing Terms Conventional, Cash, Commercial