Doc Williams
BEDS3
BATHS2
MLS#202623781
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSpokane Dist 81
Property Description
SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, Washington. Originally constructed in 1977, the property offers a well-maintained apartment community with stable in-place cash flow and attractive value-add potential. The unit mix consists of twelve 1-bed, 1-bath units averaging 576 square feet and four 2-bed, 1-bath units averaging 720 square feet. 12 of the 16 units have already been renovated, with the remaining four offered in classic condition. All units feature in-wall air conditioning, baseboard heat, dishwashers and ample closet space, and the property offers onsite laundry and covered parking at the rear. Offered at $1,900,000 ($118,750 per unit / $194 per NRSF), Sharp Apartments generates a 5.77% in-place capitalization rate at 100% occupancy, demonstrating strong tenant demand and operational stability.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Roof Type: Composition
Stories: 3.0
Year Built: 1977
Feature Descriptions
Association Amenities: Laundry
Days on Site: 4
Exterior: Wood Siding
Heating/Cooling: Baseboard
Lot: Fencing, Treed, Level
Parcel#: 25131.1015
Parking: Carport
Local Schools
High School: North Central
Middle School: Yasuhara
Elementary School: Homes
School District: Spokane Dist 81
Listed By / Shown By
Listed By
Agency Name: SVN Cornerstone
Shown By
Agent Name: Doc Williams
Agent Phone: (509) 991-2030
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 4,782.74 per month $4,228.58 Principal & Interest $0.00 Property Tax (data not provided by mls) $554.17 Homeowner's InsuranceChange Payment Information
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Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated.
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1515-1519 W Sharp Ave | MLS# 202623781
This multi-family property located at 1515-1519 W Sharp Ave, Spokane, WA 99201 is currently listed for sale with an asking price of $1,900,000. 1515-1519 W Sharp Ave is located within the Spokane Dist 81 school district. Search Spokane real estate on dwilliams.cbspokane.com today.