Leasa Wheeler
REALTOR®
BEDS0
BATHS
SQUARE FEET5,304
MLS#202621077
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCentral Valley
Property Description
Well-maintained and continuous upgrades made to this 7-unit apartment building in the heart of Spokane Valley. This property is offering stable cash flow and long-term investment potential. Cared for by the same family for many years and features a desirable unit mix of 2 bedrooms and 1 bedrooms units that have had significant upgrades?all currently occupied with a strong rental history. The property is generating approximately $6,820 in monthly rental income, while the pro forma supports a projected 6+% cap rate through simple market rent adjustments. A common laundry room in the basement provides additional income potential and added convenience for residents. Investors will appreciate the pride of ownership, low-maintenance operation, and the benefits of owning in Spokane Valley, including friendlier landlord regulations, lower utility costs, and consistently strong rental demand. A quality, turnkey asset with both dependable income and future upside.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partial, Partially Finished, Laundry
Lot Size: 0.17 Acres
Roof Type: Composition
Stories: 3.0
Taxes: $5,107
Year Built: 1915
Feature Descriptions
Association Amenities: Laundry
Exterior: Siding, Wood Siding
Heating/Cooling: Ductless
Lot: Cross Fncd, Sprinkler - Automatic, Level, Corner Lot, City Bus (w/in 6 blks)
Parcel#: 45204.0658
Parking: None
Special View Info: Territorial
SQ. FT. Total: 5304
Local Schools
High School: University
Middle School: Bowdish
Elementary School: University
School District: Central Valley
Listed By / Shown By
Listed By
Agency Name: The Hornberger Group, LLC
Shown By
Agent Name: Leasa Wheeler
Agent Phone: (509) 818-6794
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 2,376.44 per month $1,724.81 Principal & Interest $425.58 Property Tax $226.04 Homeowner's InsuranceChange Payment Information
Leasa Wheeler
Cell: (509) 818-6794
Email Me
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10003 E 9th Ave | MLS# 202621077
This multi-family property located at 10003 E 9th Ave, Spokane Valley, WA 99206 is currently listed for sale with an asking price of $775,000. E 9th Ave is located within the Central Valley school district. Search Spokane Valley real estate on lwheeler.cbspokane.com today.