Northmarq is pleased to introduce Parc Sprague, a 56-unit multifamily property located in Spokane Valley. The property comprises a mix of one-bedroom and two-bedroom units, with a majority of the units undergoing minor to full renovations. A compelling opportunity exists for an astute investor to renovate the remaining classic units and realize an additional 29% in rental income. Parc Sprague consists of four buildings arranged in a square around a serene grassy area featuring a swimming pool, gazebo, playground, and clubhouse. Ample parking surrounds the buildings, providing a parking ratio of 1.94 spaces per unit. Parc Sprague presents an excellent value-add opportunity with an in-place 6.01% cap rate, with the potential to add value through renovation to stabilize at a 7.85% cap on cos

This 56 unit property is in great shape. In a convenient location in Spokane Valley, WA. There is a common laundry, pool, playset, BBQ area and a parklike setting. The interiors of the unit have been upgraded.