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7307 East 6th Avenue
Spokane Valley, WA 99212
Asking Price
$675K
Cap Rate
6.73%
Asset Type
Multifamily
Class
Class B
What's Special
Sixth Avenue Apartments <ul><li>Investor Friendly Location – Spokane Valley location with lower utility costs, 120 day rent increase notices versus 180 days in the City of Spokane, and fewer regulatory restrictions</li><li>Interior and Exterior Upgrades – Unit 7309 received new flooring, shower surround and valve, toilet, and fixtures, Unit 5-Basement received a new shower, flooring, paint, epoxy coating, and lighting, and Unit 7307-Cottage plus the storage shed were freshly painted with landscaping improvements comp
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NOI
$80,000
Cap Rate
11.85%
DSCR
2.00
Strong
Cash-on-Cash
19.72%
Monthly Payment
$3,339.532
Annual Cash Flow
$39,925.62