1405 W 8th Ave Active Save Request In-Person Tour Request Virtual Tour
Spokane,WA 99204
Key Details
Property Type Multi-Family
Sub Type Rental
Listing Status Active
Purchase Type For Sale
Square Footage 9,372 sqft
Price per Sqft $185
MLS Listing ID 202523584
Year Built 1962
Lot Size 0.280 Acres
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 $14,776 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
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