Property Details

11802 E Main Ave

Spokane Valley, WA 99206

$10,850,000

Available

CBA# 711280 courtesy of CBA Listing firm: Keller Williams Realty

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Commercial

Property Type

1,994

Bldg Sq Ft

Units

5.00%

Cap Rate

2026

Year Built

Property Overview

New Construction "42 Unit Mason Apartment Complex" nearly an Acre site! There are 36 – 2 Bedroom/2 Bathroom Units and 6 – 1 Bedroom/1 Bathroom Units. Each Unit to be Well Appointed to include Hard Surface Countertops and Laminate Floor Throughout. 85 Parking Spots (with 12 EV Stalls). All Units have full appliance package incl. washer/dryers and private patios or decks. The Ceilings are 10' and Primary bedrooms have walk-in closets. All Units have mini-splits or PTAC units for heating/cooling. Security Gate is Roughed-in for Parking Lot – Asphalt is completed with parking lines painted! Rent Study – 1 Bed/1 Bath Units (6 total) at $1,350.00 each and 2 Bed/2 Bath (36 total) at $1,825.00 each for a monthly estimate of $73,800. Approx Completion Date is July 2026. Total Income – $915,720. Total Annual Expenses – $289,367. NOI – 626,352.