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Listings/Spokane & Airway Heights Portfolio
Spokane & Airway Heights Portfolio
Under Contract
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Turning Leaf Townhomes
Price
$4,025,000
ADDRESS
20 E Pineridge Ct
NEIGHBORHOOD
North Spokane
YEAR BUILT
1988 (Remodeled 2021/2022)
UNITS
32
NET RENTABLE SQFT
16,800
PARKING
32 Open Stalls
LAUNDRY
Shared
Autumn Leaf Apartments
Price
$3,725,000
ADDRESS
12911 W 13th Ave
NEIGHBORHOOD
Airway Heights
YEAR BUILT
2017
UNITS
24
NET RENTABLE SQFT
23,400
PARKING
20 Covered Stalls, 26 Open Stalls
LAUNDRY
In-Unit
Opportunity
Currently being owned and operated as fully furnished, short term rentals, Buyers have the opportunity to continue operating these as-is or convert to market rate apartments.
- Continue operating as short term rental or convert to market rate apartments
- Desirable vintages with ample recent capital improvements
- Combined in-place cap rate of 6.3% and 7.7% pro-forma cap, creating advantageous returns
- Located in sought-after locations near regional hubs, job centers, shopping, restaurants, and more
- Opportunity to purchase one of the few available properties of scale in Eastern Washington
- Majority of tenants on short term leases
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