Add on Value 24 Unit Apt, Partially Finished | 421 S McKinnon Rd
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Add on Value 24 Unit Apt, Partially Finished 421 S McKinnon Rd
24 Unit Apartment Building $4,775,912 CAD ($198,996 CAD/Unit) Spokane Valley, WA 99212
Investment Highlights
- Add on Value
- Prime for a Contractor Buyer
- Centrally Located near a variety of ameneties
Executive Summary
Asking Price $3,400,000.00 (SOLD AS-IS , Partially Finished)
70%+/- of buildings and 85%+/- of site work completed per Seller. Buyer to purchase and complete construction, ADD on Value for completed project. Projected completed stabilized estimated value $6,500,000.00+/-
Prime for a Builder Contractor Buyer. Seller/Contractor can contract to finish as General Contractor. Estimated expense to finish construction $1.2+/- Million range.
Parcel # 35231.1437
Two 3-Story Buildings
24 Total Units (Twelve 2 bed/ 2 bath and Twelve 3 bed/ 2 bath)
Building A: Six 2 Bed / 2 Bath Units (876 SF Each) and Six 3 Bed 2 Bath (1,255 SF Each)
Building B: Six 2 Bed / 2 Bath Units (876 SF Each) and Six 3 Bed 2 Bath (1,255 SF Each)
Lot Size 43,290+/- Square Feet (0.99)
Total Building Size 25,572 +/- Square Feet
$132.00+/- Per Square Foot As-Is
List Broker can provide Appraiser Rental Lease Comparable's and Construction Completion List.
70%+/- of buildings and 85%+/- of site work completed per Seller. Buyer to purchase and complete construction, ADD on Value for completed project. Projected completed stabilized estimated value $6,500,000.00+/-
Prime for a Builder Contractor Buyer. Seller/Contractor can contract to finish as General Contractor. Estimated expense to finish construction $1.2+/- Million range.
Parcel # 35231.1437
Two 3-Story Buildings
24 Total Units (Twelve 2 bed/ 2 bath and Twelve 3 bed/ 2 bath)
Building A: Six 2 Bed / 2 Bath Units (876 SF Each) and Six 3 Bed 2 Bath (1,255 SF Each)
Building B: Six 2 Bed / 2 Bath Units (876 SF Each) and Six 3 Bed 2 Bath (1,255 SF Each)
Lot Size 43,290+/- Square Feet (0.99)
Total Building Size 25,572 +/- Square Feet
$132.00+/- Per Square Foot As-Is
List Broker can provide Appraiser Rental Lease Comparable's and Construction Completion List.
Property Facts
| Price | $4,775,912 CAD | Building Class | B |
| Price Per Unit | $198,996 CAD | Lot Size | 1.01 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| No. Units | 24 | Building Size | 25,644 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2025 |
| Apartment Style | Low Rise |
| Price | $4,775,912 CAD |
| Price Per Unit | $198,996 CAD |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 1.01 AC |
| Construction Status | Under Construction |
| Building Size | 25,644 SF |
| No. Stories | 3 |
| Year Built | 2025 |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 12 | - | 876 |
| 3+2 | 12 | - | 1,255 |
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PROPERTY TAXES
| Parcel Number | 35231.1437 | Improvements Assessment | $0 CAD |
| Land Assessment | $426,948 CAD | Total Assessment | $426,948 CAD |
PROPERTY TAXES
Parcel Number
35231.1437
Land Assessment
$426,948 CAD
Improvements Assessment
$0 CAD
Total Assessment
$426,948 CAD
zoning
| Zoning Code | MFR (MULTI-FAMILY) |
| MFR (MULTI-FAMILY) |
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Gene Arger -
G. Arger Company Real Estae Inc.
(509) 926-5311
x304
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Add on Value 24 Unit Apt, Partially Finished | 421 S McKinnon Rd
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