Turning Leaf Townhomes

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Sale Price: $2,837,500

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Sale Summary

Press Coverage

32 Spokane units sell for nearly $3M

Testimonial

“You will not go wrong working with Max Frame and Kidder Matthews. Professionalism, honesty, forthrightness, genuine, trustworthy, and well-principled are just a few adjectives I would use to describe Max and his team. We had several unforeseen challenges arise during the sale of both our apartment buildings and they were handled expertly by Max. You get a good sense of a person’s character during a stressful time and if I had to go into battle again, I would want Max by my side. You will do well to hire him as your commercial broker.”

– Lee C., Turning Leaf Townhomes Seller

Property Details

ADDRESS

20 E Pineridge Ct, Spokane

YEAR BUILT

1988 (Remodeled 2021/2022)

NEIGHBORHOOD

North Spokane

UNITS

NET RENTABLE SQFT

16,800

PARKING

32 Open Stalls

LAUNDRY

Shared

Sale Details

Sale Date

May 17, 2024

Sale Price

$2,837,500

Price per Unit

$88,672

Opportunity

Currently 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.

Convert to market-rate apartments and take advantage of one of Washington State’s fastest-growing rental markets.

The close proximity to amenities coupled with excellent quality of life makes North Spokane a top-end rental market. The buyer of Turning Leaf is perfectly positioned to take advantage of this renter demand.

Continue operating as short-term rentals and utilize current ownership’s proven operations.

With in-place management and a proven performance already in place, buyers have the opportunity to operate a profitable business from day one.

Location

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sold

Turning Leaf Townhomes

20 E Pineridge Ct
Spokane, WA 99208
Units: 32
Price: $2,837,500

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About the Area

Turning Leaf is conveniently located near countless jobs, restaurants, schools, parks, and more. Whether it’s enjoying the natural beauty of the nearby parks and trails, immersing in the city’s cultural attractions and events, or taking a trip to Downtown to explore the unique boutiques and restaurants, living at Turning Leaf means being surrounded by an array of amenities that cater
to various interests and preferences.

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.