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11808 E Main Ave
Spokane Valley, WA 99206
Asking Price
$10.85M
Cap Rate
5.76%
Asset Type
Apartment Building Retail
Class
Class B
What's Special
New Construction - 42 Unit Apartment Complex - 2Bed/2Bath and 1Bed/1Bath Units <p><strong style="color: rgba(0, 0, 0, 1)">36 - 2 Bedroom/2 Bathroom Units and 6 - 1 Bedroom/1 Bathroom Units. 85 Parking Spots (with 12 EV Stalls). 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. Total Annual Income - $885,600. Total Annual Expenses - $243,008.64. NOI - $624,879.36. Approx Completion Date is July 2026.</strong></p>
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NOI
$80,000
Cap Rate
0.74%
DSCR
0.12
Underwater
Cash-on-Cash
-17.33%
Monthly Payment
$53,679.88
Annual Cash Flow
$-564,158.56
