Commercial ยท Spokane Valley, WA

11802 E Main Ave, Spokane Valley, WA 99206

$10,850,000 Active MLS® 202615194 Commercial
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ActiveMLSยฎ 202615194
$10,850,000
11802 E Main Ave, Spokane Valley, WA 99206
0.95 Acres 42,000 Sq.Ft. Built 2026
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.

Interior Features
  • Air conditioning Other
  • Basement description None
  • Lot dimension 0.95
  • Lot description Level, City Bus (w/in 6 blks), Oversized Lot, Common Grounds
Exterior Features
  • View City
  • Lot dimension 0.95
  • Lot description Level, City Bus (w/in 6 blks), Oversized Lot, Common Grounds
  • Roofing materials Composition
Location
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