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Listed by Jordan Lester • SVN Cornerstone
$ 520,000
Est. payment /mo
Active
1704 N Ash St Spokane, WA 99205
2,850 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 2,850 sqft
Price per Sqft $182
MLS Listing ID 202613495
Year Built 1911
Annual Tax Amount $4,546
Lot Size 13.000 Acres
Lot Dimensions 13
Property Sub-Type Residential Income
Property Description
Ash Apartments is a well-located 7-unit value-add apartment community in Spokane's West Central neighborhood, offering immediate cash flow with a clear path to enhanced long-term returns through light interior upgrades and operational improvements. The property consists of two charming buildings and has benefited from nearly $115,000 in recent capital improvements including new electrical service and panels, upgraded windows, new siding and exterior paint, interior paint, LVP flooring, and a new furnace, significantly reducing near-term capital needs. The asset is ideally positioned for continued income growth through updated interiors and refreshed common areas, and its proximity to Downtown Spokane, Gonzaga University, transit, parks, and major employers supports strong and durable rental demand, making it an attractive opportunity for investors seeking a stabilized core holding with meaningful upside.
Location
State WA
County Spokane
Rooms
Basement Slab
Interior
Heating Forced Air
Appliance Free-Standing Range, Refrigerator
Exterior
Parking Features Detached
Garage Spaces 2.0
Amenities Available Laundry
View Y/N true
Roof Type Composition
Total Parking Spaces 2
Building
Story 2
Structure Type Wood Siding
Schools
Elementary Schools Holmes
Middle Schools Yasuhara
High Schools North Central
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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