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206-886-3986
Real Estate Company
1515 Sharp, Spokane, WA 99201
Courtesy of SVN Cornerstone Commercial
- $1,795,000
- 10,944
- SqFt
- List Price
- $1,795,000
- Status
- ACTIVE
- MLS#
- 26-10283
- Subtype
- Residential Income
- Style
- Multi Level
- Year Built
- 1977
- Living Area
- 10,944
- Lot Size
- 16,552
- Acres
- 0.38
- Subdivision
- Spokane
- Neighborhood
- Spokane
- MLS Area Major
- Washington Counties
Property Description
SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, WA. Built in 1977, the property features twelve 1-bed/1-bath units (~576 SF) and four 2-bed/1-bath units (~720 SF). 12 units have been renovated, leaving four classic units that offer an immediate ~17% upside in rents upon renovation. All units include in-wall A/C, baseboard heat, dishwashers, and ample closet space. Amenities include onsite laundry and covered rear parking. Offered at $1,900,000 ($118,750/unit | $194/NRSF), the asset delivers a 5.77% in-place cap rate at 100% occupancy. Located in Spokane's West Central neighborhood, the property offers quick access to I-90 and US-2/Division St, and is minutes from Downtown Spokane, the Spokane County Courthouse campus, Spokane Arena, and Riverfront Park--driving strong long-term tenant demand and stabilit
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Additional Information
- Taxes
- $15,287
- Property Description
- Multi Level
- Zoning
- LI
- Heating
- Furnace, Electric
- Roof
- Aluminum
- Foundation
- Wood
- School District
- Other
- View
- None