SQUARE FEET42,000
MLS#202615194
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLCentral Valley
Property Description
New Construction 42 Unit Mason Apartment Complex nearly an Acre site! There are 36 - 2 Bedroom/2 Bathroom Units and 6 - 1 Bedroom/1 Bathroom Units. Each Unit to be Well Appointed to include Hard Surface Countertops and Laminate Floor Throughout. 85 Parking Spots (with 12 EV Stalls). All Units have washer/dryers and private patios or decks. The Ceilings are 10 and Primary bedrooms have walk-in closets. All Units have mini-splits or PTAC units for heating/cooling. Security Gate is Roughed-in for Parking Lot - Asphalt is starting soon! Rent Study - 1 Bed/1 Bath Units (6 total) at $1,350.00 each and 2 Bed/2 Bath (36 total) at $1,825.00 each for a monthly estimate of $73,800. Total Income - $885,600. Total Annual Expenses - $243,008. NOI - $624,879. Approx Completion Date is July 2026
Property Features
Property Type: Commercial - Business
Basement: None
Heating: See Remarks
Lot Size: 0.95 Acres
Roof Type: Composition
Stories: 3.0
Year Built: 2026
Feature Descriptions
Days on Site: 12
Exterior: Masonite
Handicap Accessible: Door Width 32 Inches or More, Hallways 32+
Heating/Cooling: See Remarks
Lot: Level, City Bus (w/in 6 blks), Oversized Lot, Common Grounds
Parcel#: 45164.0585
Road Frontage: City Street, Paved Road
Special View Info: City
Local Schools
School District: Central Valley
Listed By / Shown By
Listed By
Agency Name: Keller Williams Spokane - Main
Shown By
Agent Name: Michael Shannon
Agent Phone: (509) 710-9600
Agency Title: Coldwell Banker Tomlinson
11802 E Main Ave | MLS# 202615194
This commercial property located at 11802 E Main Ave, Spokane Valley, WA 99206 is currently listed for sale with an asking price of $10,850,000. E Main Ave is located within the Central Valley school district. Search Spokane Valley real estate on mshannon.cbspokane.com today.