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(509) 921-2121
Crane Real Estate Group
11802 E Main Ave, Spokane Valley, WA 99206
- $10,500,000
- 42,000
- SqFt
- List Price
- $10,500,000
- Price Change
- ▼ $350,000 1786413006
- MLS#
- 202615194
- Property Sub-Type
- Commercial
- Current MLS Listing Sale Status
- Active
- Financing Terms
- Conventional, Cash
- City
- Spokane Valley
- Acres
- 0.95
Property Description
New Construction "42 Unit - Mason Apartment Complex" on nearly an Acre Site! There are 36 - 2 Bedroom/2 Bathroom Units and 6 - 1 Bedroom/1 Bathroom Units. Each Unit is well appointed to include Hard Surface Countertops, Laminate Flooring, 10’ Ceilings and Primary Bedrooms have Walk-in Closets. All Units have Mini-splits or PTAC units for Heating & Cooling, full appliance packages including washer and dryer, and each unit also has a Private Patio or Deck. There are 85 Parking Spots (with 12 EV Stalls) and the Security Gate is Roughed-in for the Parking Lot – Asphalt is done and parking lines painted! RENT STUDY - 1 Bed/1 Bath Units (6 total) at $1,350.00 each and 2 Bed/2 Bath (36 total) at $1,825.00 each for a monthly estimate of $73,800.00. Annual Total Income - $885,600.00. Total Annual Expenses (estimated) are $243,008.00 and the NOI - $624,879.00.
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Additional Information
- Year Built
- 2026
- MLS Area/Grid
- Valley Urban S I-90
- MLS Area/Grid Number
- A110/070
- Parcel Number
- 45164.0585
- School District
- Central Valley
- Elementary School
- Opportunity
- Middle School
- North Pines
- High School
- Central Valley
- Features
- Breakers,200 AMP
- Home Total Sq Ft
- 42,000
- Basement
- None
- Heating/Cooling
- See Remarks
- Roof Style
- Composition
- Frontage
- City Street, Paved Road
- Acres MOL
- 0.95
- Lot Size
- 41,307
- Lot Information
- Level, City Bus (w/in 6 blks), Oversized Lot, Common Grounds
- Property Sub-Type
- Commercial
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Listing courtesy of SARMLS / Keller Williams Spokane - Main
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.