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FOR SALE - Listing #: 575595
Elm & Espanola Apartments
1905 - 0 W 2nd Ave , Spokane WA99201
Agent Remarks
We are pleased to exclusively offer for sale Espanola and Elm Apartments, a 52-unit apartment portfolio located in Spokane, WA. Located two miles from Gonzaga University and one mile from downtown Spokane, the property is very accommodating to a large tenant audience. Espanola and Elm Apartments have been well maintained over the years and offer an old world charm residents are captivated by. With a tremendous opportunity for a new purchaser to complete a value-add strategy by bringing rents up to market and adding washer/dryers. Both buildings were originally constructed in 1907, and consist of studios, large one and two bedroom floor plans. At the Espanola there was a significant amount of capital improvements made to the property including new electric wiring and double pane
windows.
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County
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Spokane
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Market Area
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CBD & Periphery
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Tax ID #
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25241.2101
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Price
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$ 3,100,000
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Property Details
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Prop Type
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Multi-Family
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# Floors
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4
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Bldg SF
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38,901
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Year Built
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1907
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Land SF
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23,522
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# Bldgs
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2
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Acres
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0.54
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# Parking Spaces
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0
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Office Class
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Informational Links
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