1515 W Sharp Ave
Property Description
SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, WA. Built in 1977, the property features twelve 1-bed/1-bath units (~576 SF) and four 2-bed/1-bath units (~720 SF). 12 units have been renovated, leaving four classic units that offer an immediate ~17% upside in rents upon renovation. All units include in-wall A/C, baseboard heat, dishwashers, and ample closet space. Amenities include onsite laundry and covered rear parking. Offered at $1,900,000 ($118,750/unit | $194/NRSF), the asset delivers a 5.77% in-place cap rate at 100% occupancy. Located in Spokane's West Central neighborhood, the property offers quick access to I-90 and US-2/Division St, and is minutes from Downtown Spokane, the Spokane County Courthouse campus, Spokane Arena, and Riverfront Park--driving strong long-term tenant demand and stabilit
Broker Details
SVN | Cornerstone 509-321-2000
MLS ID: 13291 State License Number: 1271842
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,795,000 |
| No. of Units: | 16 |
| Year Built: | 1977 |
| Lot Size: | 10,944.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $112,188 |
| Property Website | Click Here |
| Number of Bedrooms: | 19 |
| Number of Bathrooms: | 0 |
ID: 3yd-CDAARID-26-10283
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