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Off market

Buy a multi-family propertyat 8717 E Valleyway Ave, Spokane Valley, WA 99212

$2,400,000

$0/mo

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Multifamily

10,800 Sq. Ft.

0.61 Acres lot

383 Days on market

SAR202313101 MLS ID

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About 8717 E Valleyway Ave multi-family property

Brand new construction 6 plex located in the heart of the Spokane Valley. Quick access to all areas of town including the colleges, universities, hospitals and freeway. The project is built in 2 buildings, with 3 townhome style units in each building. All units are identical with appx 1800 sq ft 3 bedroom, 2.5 bathroom and 2 car garages. Hardi board lap siding, Huntwood cabinets, Laminate floors on the main floor, carpet upstairs, stainless appliances and mini splits for HVAC. Rents in the area are approximately $2500-3000 per month. Completion date is estimated to be April/May of 2023. One building getting flooring and cabinets, will be completed April. Second building in sheetrock stage. Will work with your 1031 exchange. Sellers are licensed real estate agents in Washington state. Estimated Cap Rate to be 6.54%.
Brand new construction 6 plex located in the heart of the Spokane Valley. Quick access to all areas of town including the colleges, universities, hospitals and freeway. The project is built in 2 buildings, with 3 townhome style units in each building. All units are identical with appx 1800 sq ft 3 bedroom, 2.5 bathroom and 2 car garages. Hardi board lap siding, Huntwood cabinets, Laminate floors on the main floor, carpet upstairs, stainless appliances and mini splits for HVAC. Rents in the area are approximately $2500-3000 per month. Completion date is estimated to be April/May of 2023. One building getting flooring and cabinets, will be completed April. Second building in sheetrock stage. Will work with your 1031 exchange. Sellers are licensed real estate agents in Washington state. Estimated Cap Rate to be 6.54%.

Property details

Property Access

Road Frontage: "City Street", "Paved Road"

Appliances and Equipment

Appliances: "Free-Standing Range", "Dishwasher", "Refrigerator", "Kit Island", "Hard Surface Counters"

Basement

Basement: "Slab"

Bedrooms

Primary Bedroom: Full Bath

House

Architectural Style: "Contemporary"

Building Area Total: 10800

Construction Materials: "Hardboard Siding"

Living Area: 10800

Number Of Units Total: 6

Stories: 2

Structure Type: "Three Level"

Year Built: 2023

Dining Room

Informal,Eat Bar

Expenses

Other Expense: 7200

Family Room

Great room

Garage

Garage Spaces: 6

Heating

Heating: "Electric", "Ductless"

Location

County or Parish: Spokane

Lot

Features: "Sprinkler - Automatic", "Level"

0 acres

26401 square feet

Length: 310

Width: 84

Parking

Parking Features: "Attached"

Parking Total: 12

Roof

Roof: "Composition Shingle"

Schools

Elementary School: Ness

Middle Or Junior School: Centennial

High School: West Valley

Elementary School District: West Valley

Utilities

200 AMP

Monthly cost

Estimated monthly cost

$15,734/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$2,256,000

+$72,000

$2,328,000

Seller agent commission$72,000 (3%)*

$0 (0%)

Buyer agent commission$72,000 (3%)*

$72,000 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $72,000 more selling your home
with an Unreal Estate agent

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State

  • Land for sale in Washington
  • Real estate in Washington
  • Real Estate for Sale in Washington

Unreal Estate checked: Aug 8, 2023 at 4:44 p.m.

Data updated: May 2, 2023 at 1:50 p.m.

Courtesy of Windermere Valley 509-928-1991
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
Compilation © 2024 Spokane Association of REALTORS®. All Rights Reserved.

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