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Whitworth Duplexes Portfolio

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Whitworth Duplexes Portfolio

9907 9925 N Waikiki Rd, Spokane, WA 99218
Multi-Family For Sale Available Cap Rate 4.84% Built 1966 2 floors Zoning: LDR
Asking Price
$3,125,000
Total Building15,122 SF
Available15,122 SF avail
Land51,463 SF land
MarketNorth Spokane County
CountySpokane

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Overview

Property ID
303394
Listing ID
695169
Type
Multi-Family
Asset Class
Multi-Family
Zoning
LDR

Description

Phenomenal investment opportunity moments from Whitworth University in North Spokane. This portfolio of 5 duplexes inclusive of 44 bedrooms across the ten rental units grossing an average of $20,000/month. Rarely does an active portfolio like this become available in such a desirable rental location. This is a prime candidate for reinvestment of 1031 money in today's market, as the market is prime for continuing gains in property value and rental increases under new management and as the university term resets.

Listing Courtesy of:

JL
John Leland
Upward Advisors
3718 N Monroe St. STE 1,
Spokane, WA 99205
State: WA City: Spokane ZIP: 99218 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.