Property Details

1125 W 11th Ave

Spokane, WA 99204

$1,750,000

Available

CBA# 708473 courtesy of CBA Listing firm: APEX Property Management

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Commercial

Property Type

4,946

Bldg Sq Ft

Units

5.00%

Cap Rate

1903

Year Built

Property Overview

This well-positioned 14-unit apartment building sits in a premier lower south hill rental area among historic homes dating back to the founding of Spokane. Building exterior and interior were fully painted in the summer of 2024. Yard was cleaned up last year in preparation for an irrigation system and professional landscaping (not yet completed). Most interior units have been upgraded in the past 1-4 years with new flooring, cabinetry and appliances. All units are easy to rent and at or below market rents. This property is currently under professional management with iRE, LLC and may be renewed for new ownership. Offered at $125,000 / unit.