Financial
Electrical Expenses:   $2,715
Water/Sewer/Garbage:   $2,715
Insurance Expenses:   $1,528
Other Expenses:   $10,686
Total Expeses:   $25,044
Total Expenses:   $25,496
Total Monthly Income:   $5,125
Net Operating Income:   $39,358
Gross Adjusted Income:   $64,854
Gross Scheduled Income:   $64,854
Cap Rate (NOI / Listing Price):   $6.20
Gross Rent Multiplier:   $10.00

-= Building Details =-

Year Built:   1951
Effective Year Built:   1951
Effective Year Built Source:   Public Records
Building Condition:   Updated/Remodeled
Number of Stories:   1
Roof:   See Remarks
Exterior:   Wood Products
Floor Covering:   See Remarks
Foundation:   See Remarks
Approx. Sq Ft:   2,750
Leased Items:   None

-= Unit Details =-

-= Site Details =-

Lot Size:   7,620 Sq Ft
Lot Size Source:   County Assessor
Lot Dimensions:   7620

Utilities
Energy Source:   Electric
Power Company:   Avista
Sewer Company:   City of Spokane
Water Company:   City of Spokane
Water Source:   Public

Parking
Number of Uncovered Parking Spaces:   9
Total Number of Parking Spaces:   9

-= Location Information =-

Address:   205 S Elizabeth Road, Spokane Valley, WA 99212
City:   Spokane Valley
State:
Zip Code:   99212
Latitude:   47.65488700
Longitude:   -117.31326000
Driving Directions:   205 S Elizabeth Rd, Spokane Valley

-= Community Information =-

Community Name: Spokane
School District: Spokane

-= Assessor Information =-

County:   Spokane
Tax Number:   35241.1903
Zoning Jurisdiction:   County
Tax Amount:   $5,137   Tax amount may change after sale.
Tax Year:   2025

-= Purchase Information =-

Listing Price:   $635,000
Potential Terms:   Cash Out, Conventional
3rd Party Approval Required:   None
Possession Allowed:   Closing
Preliminary Title Ordered:   Yes

-= MLS Listing Details =-

Listing Number:   2372432
Listing Status:   Active
Listing Office:   Kidder Mathews
Listing Date:   2025-05-07
Original Listing Price:   $675,000
MLS Area:   Spokane County
Square Footage Source:   Property Manager
Lot Size Source:   County Assessor
Marketing Remarks:   Turn-key apartment building in the highly desired, landlord friendly market of Spokane Valley. With studs up unit and system upgrades, buyers are perfectly positioned to immediately focus on rent increases without putting any capital improvements into the property.

-= Multiple Listing Service =-

-= Disclaimer =-

The information contained in this listing has not been verified by Katz Realty, Inc. and should be verified by the buyer.
* Cumulative days on market are days since current listing date.

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