REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by:The Paragon Group • Peter Clark
$ 849,000
Est. payment /mo
New
1414 W Tenth AVE Spokane, WA 99204
9 Beds
7 Baths
7,249 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,249 sqft
Price per Sqft $117
Subdivision Spokane
MLS Listing ID 2562023
Style 55 - 5-9 Units
Bedrooms 9
Year Built 1909
Annual Tax Amount $4,993
Lot Size 7,810 Sqft
Property Sub-Type Multi Family
Property Description
10th Avenue Apartments is a seven-unit multifamily property located in Spokane's historic Cliff/Cannon neighborhood on the lower South Hill. Offered at $849,000, or $121,286 per unit, the property provides immediate income at a 7.54% in-place cap rate with a path to an 8.02% pro forma cap rate. Four units have already been renovated, establishing a clear improvement standard for the three remaining unrenovated units. This defined renovation scope gives new ownership the opportunity to improve unit quality and increase rental income without undertaking a full property repositioning. The property is minutes from downtown Spokane, the Medical District, neighborhood parks, Huckleberry's Natural Market, and other South Hill amenities. Its established residential location provides convenient access to major employers, shopping, recreation, and transit while supporting continued renter demand.
Location
State WA
County Spokane
Area 561 - Spokane County
Interior
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Spokane
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.