BEDS3
BATHS2
MLS#202623781
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSpokane Dist 81
Property Description
SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, Washington. Originally constructed in 1977, the property offers a well-maintained apartment community with stable in-place cash flow and attractive value-add potential. The unit mix consists of twelve 1-bed, 1-bath units averaging 576 square feet and four 2-bed, 1-bath units averaging 720 square feet. 12 of the 16 units have already been renovated, with the remaining four offered in classic condition. All units feature in-wall air conditioning, baseboard heat, dishwashers and ample closet space, and the property offers onsite laundry and covered parking at the rear. Offered at $1,900,000 ($118,750 per unit / $194 per NRSF), Sharp Apartments generates a 5.77% in-place capitalization rate at 100% occupancy, demonstrating strong tenant demand and operational stability.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Roof Type: Composition
Stories: 3.0
Year Built: 1977
Feature Descriptions
Association Amenities: Laundry
Days on Site: 6
Exterior: Wood Siding
Heating/Cooling: Baseboard
Lot: Fencing, Treed, Level
Parcel#: 25131.1015
Parking: Carport
Local Schools
High School: North Central
Middle School: Yasuhara
Elementary School: Homes
School District: Spokane Dist 81
Listed By / Shown By
Listed By
Agency Name: SVN Cornerstone
Shown By
Agent Name: Steve Ranniger
Agent Phone: (509) 499-0662
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 4,782.74 per month $4,228.58 Principal & Interest $0.00 Property Tax (data not provided by mls) $554.17 Homeowner's InsuranceChange Payment Information
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Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated.
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Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated.
Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. ©2020 of the Spokane Association of REALTORS® MLS. All rights reserved.
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1515-1519 W Sharp Ave | MLS# 202623781
This multi-family property located at 1515-1519 W Sharp Ave, Spokane, WA 99201 is currently listed for sale with an asking price of $1,900,000. 1515-1519 W Sharp Ave is located within the Spokane Dist 81 school district. Search Spokane real estate on sranniger.cbspokane.com today.