113 9Th St Cheney, WA 99004
- Apartment buildings
- 2,540 SF
- 0.22 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 113 9Th St
- Year built
- 2009
- Lot size
- 0.22 lot acres
- Property size
- 2,540 SF
- Property type
- Apartment buildings
- APN
- 13123.2105
- APU
- 131232105
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cheney
- County
- Spokane
- State
- Washington
- Longitude
- -117.582
- Latitude
- 47.4943
- CBSA code
- 44060
- CBSA name
- SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
