1412 11Th Ave Spokane, WA 99204

This exceptional 9-unit apartment building, located at 1412 W 11th Ave in Spokane, WA 99204, presents a compelling investment opportunity. Situated on a 10,000 sq ft lot in the desirable Cannon's Edition neighborhood of Spokane's lower South Hill, this Class B property offers a mix of unit sizes. The building, constructed in 1963 and renovated between 2016 and 2024, features four two-bedroom, one-bathroom units and five one-bedroom, one-bathroom units. Ample parking is provided with eight spaces on-site. The property benefits from its convenient location, close to shopping, including grocery and hardware stores, and is situated on a bus line, enhancing its appeal to tenants. The building also includes a manageable green space. Currently, three units are undergoing renovations. The permitted zoning allows for 13+ units, suggesting potential for future expansion or redevelopment. This owner-user investment is priced at $975,000 and is a two-story building. The property's strong location, unit mix, and ongoing improvements make it an attractive investment prospect in the Spokane market. Broker co-op is available.