10003 E 9th Ave, Spokane Valley, WA 99206

$775,000 Active MLS® 202621077 Multi Family Home
ActiveMLS® 202621077
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10003 E 9th Ave, Spokane Valley, WA 99206 photo
Multi Family Home
MLS® 202621077
$775,000
10003 E 9th Ave, Spokane Valley, WA 99206
0.17 Acres 5,304 Sq.Ft. Built 1915
Description

Well-maintained and continuous upgrades made to this 7-unit apartment building in the heart of Spokane Valley. This property is offering stable cash flow and long-term investment potential. Cared for by the same family for many years and features a desirable unit mix of 2 bedrooms and 1 bedrooms units that have had significant upgrades—all currently occupied with a strong rental history. The property is generating approximately $6,820 in monthly rental income, while the pro forma supports a projected 6+% cap rate through simple market rent adjustments. A common laundry room in the basement provides additional income potential and added convenience for residents. Investors will appreciate the pride of ownership, low-maintenance operation, and the benefits of owning in Spokane Valley, including friendlier landlord regulations, lower utility costs, and consistently strong rental demand. A quality, turnkey asset with both dependable income and future upside.

Interior features
  • Basement description Partial, Partially Finished, Laundry
  • Lot dimension 0.17
  • Lot description Cross Fncd, Sprinkler - Automatic, Level, Corner Lot, City Bus (w/in 6 blks)
Exterior features
  • View Territorial
  • Lot dimension 0.17
  • Lot description Cross Fncd, Sprinkler - Automatic, Level, Corner Lot, City Bus (w/in 6 blks)
  • Roofing materials Composition

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Location