Number of Units:   1
Units Below Grade:   1

Financial
Electrical Expenses:   $4,667
Water/Sewer/Garbage:   $4,666
Insurance Expenses:   $3,608
Other Expenses:   $24,364
Total Expeses:   $50,076
Total Monthly Income:   $8,504
Net Operating Income:   $54,472
Gross Adjusted Income:   $104,548
Gross Scheduled Income:   $104,548
Cap Rate (NOI / Listing Price):   $4.95
Gross Rent Multiplier:   $11.00

-= Building Details =-

Year Built:   1951
Effective Year Built:   1951
Effective Year Built Source:   Public Records
Building Condition:   Good
Number of Stories:   3
Amenities:   Storage
Roof:   Flat
Exterior:   Brick
Floor Covering:   Vinyl Plank
Foundation:   Block
Approx. Sq Ft:   6,004
Leased Items:   Washer/Dryer

-= Unit Details =-

-= Site Details =-

Lot Size:   6,000 Sq Ft
Lot Size Source:   County Assessor
Lot Dimensions:   6000
Lot Details:   Paved

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:   2
Total Number of Parking Spaces:   8

-= Location Information =-

Address:   903 W Spofford Avenue, Spokane, WA 99205
City:   Spokane
State:
Zip Code:   99205
Latitude:   47.67194300
Longitude:   -117.42542700
Driving Directions:   903 W Spofford Ave, Spokane

-= Community Information =-

Community Name: Spokane
School District: Spokane

-= Assessor Information =-

County:   Spokane
Tax Number:   35073.3805
Zoning Jurisdiction:   City
Tax Amount:   $8,104   Tax amount may change after sale.
Tax Year:   2024

-= Purchase Information =-

Listing Price:   $1,100,000
Potential Terms:   Cash Out
3rd Party Approval Required:   None
Possession Allowed:   Closing
Preliminary Title Ordered:   Yes

-= MLS Listing Details =-

Listing Number:   2333974
Listing Status:   Active
Listing Office:   Kidder Mathews
Listing Date:   2025-02-19
MLS Area:   Spokane County
Square Footage Source:   County Assessor
Lot Size Source:   County Assessor
Marketing Remarks:   Opportunity to purchase a well-maintained, value-add 10-unit apartment building in the heart of Spokane, WA. With updated building systems including new roof, boiler, panels, & more, buyers will be well positioned to focus on cosmetic upgrades to fully maximize rents.

-= 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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