1115 1st St, Cheney, WA 99004

Property Description

Cash flowing 11 unit apartment building in the heart of Cheney, home to Eastern Washington University. The unit mix (seven1-bed/1-bath, four 2-bed/1-bath) is perfectly suited to the steady demand of a college town. This is a low-maintenance investment from day one: newer roof, updated vinyl siding and windows, concrete walkways, and off-street parking mean fewer surprises and lower carrying costs. Rents are still under market, leaving real upside for a new owner to step in and capture immediate value. With Cheney's tight rental market and major new business growth on the West Plains driving long-term demand. Don't wait, cash flowing, college town assets like this don't last.