BEDS0
BATHS0
SQUARE FEET10,944
MLS#26-10283
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSpokane
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
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Garage: 2
Heating: Electric, Furnace
Lot Size: 0.38 Acres
Roof Type: Aluminum
Taxes: $15,287
Year Built: 1977
Feature Descriptions
Foundation: Wood
Foundation: Wood
Lot: Level
Road: Paved
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: SVN Cornerstone Commercial
Shown By
Agent Name: John Nielsen
Agent Phone: (509) 991-3672
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 5,792.35 per month $3,994.89 Principal & Interest $1,273.92 Property Tax $523.54 Homeowner's Insurance
1515 W Sharp Ave | MLS# 26-10283
This multi-family property located at 1515 W Sharp Ave , Spokane, WA 99201 is currently listed for sale with an asking price of $1,795,000. Search Spokane real estate on jnielsen.cbspokane.com today.