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1515-1519 W Sharp Ave
Spokane, WA 99201 West Central

$1,900,000 USD

Apartments For Sale  •  10,944 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,944 SF
  • Lot Size 0.39 AC
  • Building Class C
  • Year Built 1977
  • Zoning LI
50 Transit Score
70 Walk Score

Highlights

Attractive In-Place Yield: Offered at a 5.77% capitalization rate with stable in-place cash flow and strong current operations.
Value-Add: 4 units are currently unrenovated, providing an opportunity to increase rents by up to 17% through renovations, based on rent comps nearby
12 units have been renovated, providing a stabilized income base and reducing the execution risk associated with a fully value-add strategy.
Residents enjoy convenient access to recreation, dining, employment centers, and regional transportation routes, supporting continued tenant demand

Property Flyers

Amenities

  • Laundry Facilities
  • Heating
  • Kitchen
  • Range

Public Transportation

Commuter RailDriveWalkDistance
5 min - 1.9 mi
AirportDriveWalkDistance
Spokane International 12 min - 6.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Jordan Lester, CCIM, MBA 509-496-6922 SVN | Cornerstone
Jordan Lester, CCIM, MBA 509-496-6922 SVN | Cornerstone