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Altura Apartments
On the Market
Price: $12,000,000
Offer Review Date: TBD
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Site Details
Unit Mix
Opportunity
- Value-add opportunity in the highly desirable Riverside Neighborhood.
- Centrally located surrounded by bars, restaurants, shopping, parks & more.
- Strong in-place rents with the ability to increase 6% to market & 34% through renovations.
- Large unit layouts featuring unobstructed views of the Spokane’s Downtown.
- Significant upside through operational performance.
- Ample property amenities including pool, lounge, BBQ, balconies & air conditioning.
Location
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About the Area
SPOKANE
Eastern WA’s largest city and the second largest city in Washington State, Spokane serves as the thriving business, transportation, medical, industrial, and cultural hub of the Inland Northwest Region, benefiting from a growing population driven by a robust economy.
With a steadily increasing population drawn by abundant job prospects and a vibrant cultural scene, Spokane has become a hotbed for workforce growth. This surge in population has sparked a rising demand for rental properties, resulting in a flourishing rental market. Apartment owners and investors have been quick to seize this opportunity, benefiting from high occupancy rates and the potential for rental income growth. The city’s diverse economy and the presence of major employers further contribute to a stable job market, ensuring a consistent pool of renters.
An easily accessible downtown, thriving food scene, unique blend of outdoor recreation, and year-round events has made Spokane a popular destination.
Altura offers upscale living just steps from Spokane’s top universities, making it an ideal choice for post-grad students seeking convenience and comfort.
1st
Largest City in Eastern Washington
2nd
Largest City in Washington State
235k
City Population
550k
County Population
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