BEDS0
BATHS
SQUARE FEET16,088
MLS#202527877
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISION3rd Pines Apartments
SCHOOLCentral Valley
Property Description
Discover a rare opportunity to own a modern Spokane Valley apartment building featuring 11 3-bed bed/2-bath apartments and two 1-bed/1-bath apartments. Ideally located near schools, shopping, dining, parks, and bordering the Appleway Trail, buyers have several paths to increase income through rent increases, laundry conversion, and utility fee payoff. Built in 2021, this low-maintenance property offers contemporary finishes and ample parking. Current rents are below market, providing a clear path to increased cash flow. Seller will pay remaining balance of sewer connection fee agreement at time of sale and significantly boost cash flow for buyers. Seller might also benefit from a conversion to in-unit laundry. With its strong location, newer construction, and immediate value-add potential, this is a compelling multi-family investment.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Lot Size: 0.59 Acres
Roof Type: Composition
Stories: 3.0
Year Built: 2021
Feature Descriptions
Association Amenities: Laundry, Storage, See Remarks
Days on Site: 72
Exterior: Masonite
Heating/Cooling: Electric, Forced Air
Lot: Level, City Bus (w/in 6 blks), Surveyed
Parcel#: 45222.1101
Parking: Off Site, None
Parking Space(s): 25
SQ. FT. Total: 16088
Local Schools
High School: Central Valley
Middle School: North Pines
Elementary School: Broadway
School District: Central Valley
Listed By / Shown By
Listed By
Agency Name: eXp Realty, LLC Branch
Shown By
Agent Name: Julie Kuhlmann
Agent Phone: (509) 216-1182
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 7,010.49 per month $6,198.20 Principal & Interest $0.00 Property Tax (data not provided by mls) $812.29 Homeowner's InsuranceChange Payment Information
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Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated.
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12405 E 3rd Ave | MLS# 202527877
This multi-family property located at 12405 E 3rd Ave, Spokane Valley, WA 99216 is currently listed for sale with an asking price of $2,785,000. E 3rd Ave is located within the Central Valley school district. Search Spokane Valley real estate on www.spokanehomegirl.com today.