Property Details

9907 N Waikiki Rd

Spokane, WA 99218

$3,125,000

Available

CBA# 695169 courtesy of CBA Listing firm: Upward Advisors

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Commercial

Property Type

15,122

Bldg Sq Ft

4.00%

Cap Rate

1966

Year Built

Property Overview

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.