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    113 9Th St Cheney, WA 99004

    Sponsored
    For Sale
    $2,500,000

    18 Suites, Move-In Ready, High ROI

    Property size:
    1,432 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity consists of two adjacent properties located at 113 N 9th St (7,620 sq ft on a 9,375 sq ft lot) and 121 N 9th St (1,432 sq ft on a 13,125 sq ft lot) in Cheney, Washington, 99004. The properties are custom-built, offering 18 premier student suites, two deluxe studio units, and one fully remodeled one-bedroom unit, all fully furnished and move-in ready. Situated directly across the street from Eastern Washington University, this student housing complex boasts above-average finishes, including tile floors and flat-screen TVs in each unit. Additional amenities include in-unit washer/dryers, keyless FOB entry, and off-street parking. The asking price for this turnkey investment is $2,500,000. This property presents a rare opportunity to acquire a high-demand, well-maintained student housing complex with significant potential for strong rental income and appreciation. The convenient location and desirable features ensure consistent occupancy and a high return on investment. The properties are meticulously maintained and offer a comfortable and modern living experience for students. This is an ideal investment for those seeking a stable and profitable venture in the thriving Cheney, WA real estate market. The combined lot size offers ample space for potential future expansion or improvements.

    Property Features for 113 9Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,432 SF

    HighLights

    • 7,620 SF building at 113 N 9th St.
    • 1,432 SF building at 121 N 9th St.
    • 9,375 SF lot at 113 N 9th St.
    • 13,125 SF lot at 121 N 9th St.
    • 18 premier student suites, 2 deluxe studios, and 1 remodeled one‑bedroom unit.
    • Custom‑built deluxe student housing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dormitories

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cheney
    County
    Spokane
    State
    Washington
    Longitude
    -117.5817689
    Latitude
    47.4942605

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    FAQs

    What type of property is this?
    Multifamily property - 18 Suites, Move-In Ready, High ROI
    Where is this multifamily property located?
    The property is located at 113 9Th St Cheney, WA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 7,620 SF building at 113 N 9th St.; 1,432 SF building at 121 N 9th St.; 9,375 SF lot at 113 N 9th St.
    Request Owner's contact information
    113 9Th St Cheney, WA 99004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    113 9Th St Cheney, WA 99004
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