1515 Sharp, Spokane, WA

Name: 1515 Sharp, For Sale in Spokane - Zoocasa
Brand: SVN Cornerstone Commercial
SKU: 26-10283
Price: 1795000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,795,000

000

MLS® 26-10283

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 10944 sqft

Garage Yes

Taxes $15,287

Days Active 5

Lot Size 0.38 Acres

Approx. Age 1977

Avg. Price Per Sqft $164

MLS® Number 26-10283

Property Address: 1515 Sharp, Spokane, WA, 99201

Average square foot calculated using Size range provided by listing agent.

Description

SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, WA. Built in 1977, the property features twelve 1-bed/1-bath units (~576 SF) and four 2-bed/1-bath units (~720 SF). 12 units have been renovated, leaving four classic units that offer an immediate ~17% upside in rents upon renovation. All units include in-wall A/C, baseboard heat, dishwashers, and ample closet space. Amenities include onsite laundry and covered rear parking. Offered at $1, 900, 000 ($118, 750/unit | $194/NRSF), the asset delivers a 5.77% in-place cap rate at 100% occupancy. Located in Spokane's West Central neighborhood, the property offers quick access to I-90 and US-2/Division St, and is minutes from Downtown Spokane, the Spokane County Courthouse campus, Spokane Arena, and Riverfront Park--driving strong long-term tenant demand and stabilit

MLS® Number26-10283

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1977

Basement

Driveway

Garage Spaces

HeatFurnace, Electric

A/C

Extras

Map

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