3011 E Queen Ave, Spokane, WA 99217

Property Description

Exceptional opportunity for organizations seeking supportive, transitional, workforce, recovery, or community-style housing. This versatile 8-unit (11 room) property features a flexible mix of housing options, incl. a private 2-bedroom, 1-bath apartment, a separate 1-bedroom, 1-bath apartment, SRO-style private bedrooms with shared bathroom facilities, and addtl storage with potential for future improvements. Conveniently located on public transit route, property offers easy access to employment centers, healthcare, shopping, and essential community services. The adaptable layout makes it well-suited for nonprofit organizations, recovery treatment providers, workforce housing, vet housing, refugee resettlement organizations, supportive housing providers, or other mission-driven groups seeking flexible residential accommodations. With existing cash flow and addtl upside through lease-up and value-add improvements, this property presents a unique investment opportunity with multiple operational possibilities!