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101 W 4th Ave

Metaline Falls, WA 99153
  • $3,700,000
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: 202416427
UPDATED: 128 min ago
$3,700,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:
Area:

School Ratings & Info

School District:

Description

Your rare opportunity to own a 57 unit, five story apartment building! Property has 29 one bedroom, 18 studio and 10 two bedroom units, all with single bathrooms, and full basement with community laundry, bathrooms, and rec area. All floors accessible by elevator, and each unit has the opportunity to be individually metered. Each room is serviced by electric heat, and newer vinyl thermo pane windows have been installed throughout the building. The units are very spacious, clean and well maintained. The building is a concrete and brick structure that was originally started in 1929 as two levels, and the additional top 3 levels were added in the early 1950's. Property currently has over a 7.3% cap rate, with a projected 8%+ cap rate in 2024! The building is serviced by the local PUD utility.

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© 2024 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2024-06-12T22:20:42.75.
www.kellerwilliamscda.com/homes/150598856
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101 W 4th Ave Metaline Falls, WA 99153

  • Price: $3,700,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 128 min ago
  • ID#: 202416427
0
Beds
0
Baths
0
½ Baths
0.32
Acres
1953
Built
Neighborhood:
A943/182
County:
Pend Oreille
Area:
A943/182
School District:
Selkirk
Property Description
Your rare opportunity to own a 57 unit, five story apartment building! Property has 29 one bedroom, 18 studio and 10 two bedroom units, all with single bathrooms, and full basement with community laundry, bathrooms, and rec area. All floors accessible by elevator, and each unit has the opportunity to be individually metered. Each room is serviced by electric heat, and newer vinyl thermo pane windows have been installed throughout the building. The units are very spacious, clean and well maintained. The building is a concrete and brick structure that was originally started in 1929 as two levels, and the additional top 3 levels were added in the early 1950's. Property currently has over a 7.3% cap rate, with a projected 8%+ cap rate in 2024! The building is serviced by the local PUD utility.
Exterior Features

Architectural Style Other Construction Materials Brick Lot Features LevelCorner LotIrregular Lot Parking Features Off Site Road Frontage Type Paved RoadCity Street Roof Flat

Interior Features

Basement FinishedRec/Family AreaSee Remarks Heating Electric

Property Features

Association Amenities LaundrySee Remarks Electric BreakersElevator Listing Terms CashExchange Property Sub Type Rental Structure Type See Remarks View City

Listing provided courtesy of C-21 Kelly Davis: .


© 2024 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2024-06-12T22:20:42.75.
 
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