- Area 210000 sq ft
- Floors 0
Description
The property at 4409-4415 N. Adams Road, Spokane Valley, WA 99216, with the unique ID sefe4km, titled as 'Interior #1'. The real estate has an approximate size of 210000 sq ft and is currently Active. It is a Apartments and Multifamily / Complex / 16-100 Units property type.
Show MoreExterior Property Information
- Sale Status: Active
- Price: $1,795,000.00
Exterior Features
Floorplans
Interior #1
TERRIFIC INCOME STREAM OF 211560 ANNUALLY 9.2 CAP RATE. A MIXED USE APARTMENTTRAILER COMPLEX OF APPROXIMATELY 4.83 ACRES mol. CONSISTS OF 1 5BR1BA SINGLE FAMILY HOME 20 UNITS OF 1 2 AND 3 BEDROOM SINGLE OR DUPLEX RENTALS and 18 MOBILE HOME OR TRAILER UNITS 2 MOBILE HOMES RENT SPACE ONLY 16 ARE OWNED BY THE PARK. HERE IS A QUICK AND EASY PROPERTY TO EXCHANGE INTO IN THE STABLE GROWING SPOKANE WASHINGTON RESIDENTIAL MARKET. HIGH DEMAND RENTALS WITH BELOW MARKET RENTS. THIS AREA IS STILL GROWING EVEN WITH PARTS OF THE REST OF THE NATION SLOWING. STRONG JOB and RENTAL MARKET GREAT CLIMATE BLUE SKIES AND CLEAN AIRWATER. THIS GREAT QUALITY OF LIFE IS CAUSING SPOKANE\'S WORKFORCE TO CONTINUE TO LEAD THE STATE WITH JOB CREATION THUS DRAWING MANY NEW FOLKS NEEDING RENTALS TO THE AREA. LOCATED NEAR THE NORTH IDAHO RESORT DESTINATION OF COEUR d\'ALENE THIS AREA WILL EXPERIENCE GROWTH FOR MANY YEARS TO COME. NEW 200000+ HOMES IN SUBDIVISIONS WITHIN 10 BLOCKS TO THE NORTH. THIS IS A LARGE PARCEL TUCKED IN A RESIDENTIAL NEIGHBORHOOD. THIS PROPERTY COULD POSSIBLY BE DEVELOPED TO SINGLE FAMILY RESIDENTIAL OR REZONED FOR MORE MULTI FAMILY UNITS. THE COMPLEX HAS A STRONG RENTAL HISTORY OF MIDDLE INCOME TENANTS.
Interior Features
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