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Listed by Nicole Page • Keller Williams Spokane - Main
$ 1,200,000
Est. payment /mo
New
1115 1st St Cheney, WA 99004
9,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,600 sqft
Price per Sqft $125
MLS Listing ID 202620912
Year Built 1970
Annual Tax Amount $12,672
Lot Size 8,276 Sqft
Lot Dimensions 0.19
Property Sub-Type Commercial
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.
Location
State WA
County Spokane
Rooms
Basement None
Interior
Heating Electric, Baseboard
Exterior
View Y/N true
View City
Roof Type Composition
Building
Story 3
Structure Type Brick,Vinyl Siding
Schools
Elementary Schools Betz
Middle Schools Cheney
High Schools Cheney
School District Cheney
Others
Acceptable Financing VA Loan, Conventional, Cash, Lease Purchase
Listing Terms VA Loan, Conventional, Cash, Lease Purchase
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