1615 Manifold Ln Spokane Valley, WA 99016
- Apartment buildings
- 8,964 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1615 Manifold Ln
- Year built
- 2023
- Property size
- 8,964 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents three brand-new duplexes nestled on a private cul-de-sac in Spokane Valley, WA (99016). The property boasts a total of six units, offering a compelling blend of modern design and high rental potential. Three units are currently leased, generating immediate income, with estimated rental income for the remaining three units projected at $2400 per month. Each unit features modern finishes, including stainless steel appliances, durable hard surface counters, and in-unit washer/dryers. The duplexes showcase a variety of layouts: one is a two-story building with each unit offering three bedrooms, two and a half bathrooms, and 1494 square feet; the other two duplexes each include a three-bedroom, two-bathroom ranch-style unit and a three-bedroom, two and a half-bathroom two-story unit. All units include attached garages. The property's total square footage is 8,964, with an asking price of $2,325,000 ($387,500 per unit and $259.37 per square foot). Landscaping will be completed before closing. These low-maintenance units represent an ideal addition to any investment portfolio, offering strong rental income and potential for appreciation. The property is comprised of three buildings, all constructed in 2023. This is a turnkey investment opportunity with immediate cash flow.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spokane Valley
- County
- Spokane
- State
- Washington
- Longitude
- -117.168
- Latitude
- 47.672
