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Listed by Ryan Towner • LT Real Estate
$ 1,700,000
Est. payment /mo
Active
1405 W 8th Ave Spokane, WA 99204
9,372 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Rental
Listing Status Active
Purchase Type For Sale
Square Footage 9,372 sqft
Price per Sqft $181
MLS Listing ID 202523584
Year Built 1962
Lot Size 0.280 Acres
Lot Dimensions 0.28
Property Sub-Type Rental
Property Description
Cedar Terrace Apartments presents an excellent investment opportunity with a strong mix of one- and two-bedroom units and consistent rental income. The property features eight spacious one-bedroom, one-bath apartments and five two-bedroom, one-bath apartments, collectively generating $14,917 per month in rental income. Residents enjoy convenient amenities, including an on-site laundry facility, with many units also offering the added benefit of in-unit washer and dryer setups. The beautifully landscaped grounds create an inviting atmosphere that enhances curb appeal and tenant satisfaction. Ideally located near restaurants, shopping, I-90, and downtown Spokane, Cedar Terrace combines accessibility with a comfortable living environment, making it a desirable option for both investors and tenants.
Location
State WA
County Spokane
Rooms
Basement Full, Finished, Laundry
Interior
Heating Electric, Baseboard, Ductless
Exterior
Parking Features Off Site
Amenities Available Laundry, Storage
View Y/N true
Roof Type Composition
Building
Story 2
Structure Type Stone,Wood Siding
Schools
Elementary Schools Roosevelt
Middle Schools Sacajawea
High Schools Lewis & Clark
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash, Commercial
Listing Terms Conventional, Cash, Commercial