Address: 1309 N Evergreen Rd, Spokane Valley, WA 99216, USA
Created date: February 21, 2024
Date last updated: November 6, 2024
Property Description
71,517 SF of Building
47,587 SF of Net Rentable Area with Lots of Upside. Large Common Area Club House with Huge Kitchen, Dining Room, Chapel, Movie Room, Gym and Salon
4.29 Acres of Land
Located Just a Couple Blocks South of I-90
MF-2 Zoning Allows for High Density Multi Family / Senior Living or Assisted Living
Parking Consists of 32 Garages and 52 Paved Stalls
42 Large Units Consist of 1 to 3 Bedrooms Ranging from 815 SF to 2,700 SF
Each Unit has their own fire place, washer and dryer and AC Unit
$828,297 NOI, 11.5% Cap Rate Pro Forma
Priced at $100.68 per SF. Well below Replacement Cost.