1414 W 10th Ave, Spokane, WA 99204

Property Description

Offered at $725,000 ($104k/unit), 10th Avenue Apartments is a compelling cash-flow opportunity in Spokane’s historic Cliff/Cannon neighborhood. Individually metered and 100% occupied, the property provides immediate, stable income, with total monthly revenue of $7,792. Significant capital improvements are complete, reducing near-term needs for new ownership: a new roof (2022), exterior paint, a new hot water heater, common-area interior paint, parking updates, and a new electronic garage door opener. Residents also enjoy on-site laundry, garage storage, and off-street parking. Four of seven units have been renovated, pairing updated interiors with original character: high ceilings, original wood floors and LVP, skylights, fireplaces, and covered porches. Located on the lower South Hill, the property is minutes from downtown, the Medical District, parks, and Huckleberry’s Natural Market, with convenient access to major employers, shopping, recreation, and transit.