301 Main StIone, WA 99139

Property Details for 301 Main St

Property size (Sq ft)

9,968 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This well-located Ione, WA apartment building presents a compelling investment opportunity. The property, situated at 301 Main St, 99139, is a three-story, Class C multifamily building encompassing 9,968 square feet on a 6,000 square foot lot. The building consists of ten units, offering a diverse mix of floor plans to cater to a range of tenants. The unit breakdown includes three two-bedroom units, five one-bedroom units, one three-bedroom unit, and one studio apartment. Currently, the building enjoys 100% occupancy. Several units have undergone recent renovations, enhancing their appeal and market value. The property's prime location in the heart of Ione offers convenient access to amenities and is just a minute away from the Pend Oreille River, a significant draw for residents and visitors alike. With an asking price of $895,000 and a 7.00% cap rate, this property represents a strong return on investment in a desirable location. The building's solid occupancy rate and recent renovations contribute to its financial stability and potential for future growth. This is an exceptional opportunity for investors seeking a well-maintained, income-producing multifamily asset in a picturesque Washington setting.

Location Insight

City

Ione

County

Pend Oreille

State

Washington

Latitude

48.7407

Longitude

-117.42

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