305 Spaulding St Pullman, WA 99163

This exceptional investment opportunity presents the Glenwood Arms, a 12-unit apartment building located at 305 NE Spaulding St, Pullman, WA 99163. The property boasts a total of 7,800 square feet situated on a 3,631 square foot lot. Built in 1967 and extensively renovated in 2020, the building offers a blend of classic charm and modern updates. Currently enjoying a 100% occupancy rate, this Core+ investment property generates a substantial net operating income (NOI) of $91,088, representing a 5.00% capitalization rate. The asking price is $1,825,000, translating to $233.97 per square foot. Each of the twelve units features contemporary design and high-quality finishes, ensuring strong tenant satisfaction and maximizing rental income. The property's prime location in Pullman, within Whitman County, places it in a high-demand rental market, promising both immediate returns and long-term stability for the discerning investor. This is a rare chance to acquire a well-maintained, income-producing multifamily asset with significant upside potential. The property's strong performance metrics and desirable location make it an attractive addition to any investment portfolio.