1107 Sharp AveSpokane, WA 99201

This three-unit apartment building, located at 1107 W Sharp Ave in Spokane, WA 99201, presents a compelling investment opportunity. The property is classified as a Class C multifamily building and is currently listed at $340,000, offering a price per unit of $113,333.33. The building boasts three fully renovated units: two one-bedroom, one-bathroom units each renting for $1,000 per month, and one two-bedroom, one-bathroom unit renting for $1,250 per month. Additionally, a detached garage generates an extra $50 in monthly rental income. The property's convenient location offers proximity to public transportation (bus routes) and the Spokane city center, enhancing its appeal to renters. The building's strong performance is reflected in its actual cap rate of 8.45%, exceeding the initial projection of 6.99%. This well-maintained triplex provides a stable and potentially lucrative investment opportunity in a desirable Spokane location. Financial records are available upon request. The property is situated in Spokane County and its GPS coordinates are 47.6689524 latitude and -117.4286644 longitude.