11802 E Main Ave, Spokane Valley, WA 99206
sale
$10,850,000
|
Other
Courtesy Of Keller Williams Realty Spokane
New Construction "42 Unit Mason Apartment Complex" nearly an Acre site! There are 36 - 2 Bedroom/2 Bathroom Units and 6 - 1 Bedroom/1 Bathroom Units. Each Unit to be Well Appointed to include Hard Surface Countertops and Laminate Floor Throughout. 85 Parking Spots (with 12 EV Stalls). All Units have washer/dryers and private patios or decks. The Ceilings are 10' and Primary bedrooms have walk-in closets. All Units have mini-splits or PTAC units for heating/cooling. Security Gate is Roughed-in for Parking Lot - Asphalt is starting soon! 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. Approx Completion Date is July 2026. Total Income - $915,720. Total Annual Expenses - $289,367. NOI - 626,352.
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Property Features
- Age: New Construction
- Exterior Type: Masonite
- Floors: 3
- MLSID: 202615194
- Roof Type: Composition
- View Type: City
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