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    706 1st St

    Cheney, WA 99004
    • $790,000
    • STATUS: Active
    • ON SITE: 67 Days
    • ID#: 202120324
    UPDATED: 45 min ago
    $790,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,500
      SQFT
    • $105
      $/SQFT
    Neighborhood:
    Type:
    Commercial-Lease
    Built:
    1954
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    CAP is 5.2 % for 2021. Great income producing property with a great potential. A rare investment opportunity. Current NI is 3.8% by leasing 2700 sq.ft apartment only, with leasing the main floor that is 4800 sq ft., you are looking for NI around 8-10%. It is unique combination of completely renovated Apartment (6 bdr/3bth, approx.2700 sq.ft.) rented by room with a great rental income and Commercial Storefront/Retail/Office below in a prime location, 3 blocks from EWU and downtown. The showroom on the main floor has an open floor plan, approx. 4800 sq. ft, loading dock, 12+parking stalls and street parking will make these properties highly desirable among the growing population of more than 12,000 EWU students and closeness to the EWU campus, rapidly growing West Plains with Amazon fulfillment center, Medical Lake, golf courses and lakes, Fairchild AFB. Great owner user or investment opportunity. Ask your agent to provide the flyer with more info.

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    © 2021 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2021-10-17T23:20:32.55.
    www.inlandnwgroup.com/homes/120343919
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    706 1st St Cheney, WA 99004

    • Price: $790,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: 202120324
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    7,500
    SQFT
    $105
    $/SQFT
    1954
    Built
    Neighborhood:
    A420/097
    County:
    Spokane
    Area:
    A420/097
    School District:
    Cheney
    Property Description
    CAP is 5.2 % for 2021. Great income producing property with a great potential. A rare investment opportunity. Current NI is 3.8% by leasing 2700 sq.ft apartment only, with leasing the main floor that is 4800 sq ft., you are looking for NI around 8-10%. It is unique combination of completely renovated Apartment (6 bdr/3bth, approx.2700 sq.ft.) rented by room with a great rental income and Commercial Storefront/Retail/Office below in a prime location, 3 blocks from EWU and downtown. The showroom on the main floor has an open floor plan, approx. 4800 sq. ft, loading dock, 12+parking stalls and street parking will make these properties highly desirable among the growing population of more than 12,000 EWU students and closeness to the EWU campus, rapidly growing West Plains with Amazon fulfillment center, Medical Lake, golf courses and lakes, Fairchild AFB. Great owner user or investment opportunity. Ask your agent to provide the flyer with more info.
    Exterior Features

    Access Public Road Drive In Doors 1 Exterior Block Garage Size 4+ Loading Dock 1 Roof Flat

    Interior Features

    Basement No Basement

    Property Features

    Business Opportunity Yes Heat Cooling BasebdCent A/CElecForced AirGas Lease Yes Number Of Onsite Parking 10 Real Property Yes Site Improvements Gas Avail-StPublic SewerPublic WaterSee Remarks Terms CashCommercial Year Remodeled 2018

    Listing provided courtesy of M J Mcadams Realty.
    © 2021 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2021-10-17T23:20:32.55.
     
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    Inland NW Group | 4 Degrees Real Estate
    915 W 2nd Ave.
    Spokane WA, 99201