1704 Ash, Spokane, WA 99205
- $495,000
- 4,802
- SqFt
- List Price
- $495,000
- Status
- ACTIVE
- MLS#
- 26-4816
- Style
- Multi Level
- Year Built
- 1911
- Price Change
- ▼ $25,000 1784242598
- Acres
- 0.14
- Living Area
- 4,802
- Region
- Washington Counties
- Subdivision
- Spokane
- Type
- Single Family Residential
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.
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Additional Information
- Taxes
- $4,342
- Lot Features
- Corner Lot, Level
- Basement
- None
- Heating
- Furnace, Electric
- Water
- Public
- Sewer
- Public Sewer
- School District
- Other
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Listing courtesy of SVN Cornerstone Commercial.