3018 E BRIDGEPORT AVE

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3018 E BRIDGEPORT AVE

SPOKANE, WA 99207-5708
Asking Price
$225K
Asset Type
Apartment Building Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property is located at 3018 E Bridgeport Ave in Spokane.
  • The apartment building is currently listed for sale for 225000.
  • This retail-classified asset serves as a residential investment opportunity.
  • The site resides within a well-established submarket in Washington state.
  • Spokane offers a consistent demand for multifamily residential housing units.

What's Special

Investors seeking to expand their residential holdings in Spokane will find this apartment building a practical addition to a real estate portfolio. The property is positioned at 3018 E Bridgeport Ave, situated within a well-established submarket of Spokane, Washington. This asset type allows for diverse tenant placement strategies aimed at residents who appreciate proximity to the amenities and employment corridors of the broader metro area. The surrounding region remains a consistent market for multifamily assets, benefiting from steady demand for housing in this part of the Pacific Northwest. Given the current valuation, this retail-classified apartment building serves as a straightforward acquisition for those focusing on long-term rental income in the 99207 zip code. The layout is designed to support standard residential operations, offering functional space in a region known for its manageable cost of living and growing population base.

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NOI
$80,000
Cap Rate
35.56%
DSCR
5.99
Strong
Cash-on-Cash
98.73%
Monthly Payment
$1,113.177
Annual Cash Flow
$66,641.873

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