1115 1st St, Cheney, WA 99004
Listing courtesy of SARMLS / Keller Williams Spokane - Main
- $1,200,000
- 9,600
- SqFt
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- 202620912
- Subtype
- Commercial Sale
- Year Built
- 1970
- Living Area
- 9,600
- Lot Size
- 8,313
- Acres
- 0.19
- Neighborhood
- Medical Lake
- MLS Area Major
- West Med Lk Cheney
Property Description
Cash flowing 11 unit apartment building in the heart of Cheney, home to Eastern Washington University. The unit mix (seven1-bed/1-bath, four 2-bed/1-bath) is perfectly suited to the steady demand of a college town. This is a low-maintenance investment from day one: newer roof, updated vinyl siding and windows, concrete walkways, and off-street parking mean fewer surprises and lower carrying costs. Rents are still under market, leaving real upside for a new owner to step in and capture immediate value. With Cheney's tight rental market and major new business growth on the West Plains driving long-term demand. Don't wait, cash flowing, college town assets like this don't last.
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Additional Information
- Taxes
- $12,672
- Stories
- 3
- Roof
- Composition
- School District
- Cheney
- Elementary School
- Betz
- Middle School
- Cheney
- High School
- Cheney
- View
- City
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.