Contacts

John Powers

NAI Black

(509) 622-3563

Property Details

Property Type Multi-Family
Property Size 70,529 SF
Units 42
Lot Size 4.28 Acre
Year Built 1997
Date Updated Apr 2, 2024

Located on N. Evergreen Rd. just south of E. Mission Ave.71,517 SF of Building 47,587 SF of Net Rentable Area with Lots of Upside. Large Common Area Club House with Huge Kitchen, Dining Room, Chapel, Movie Room, Gym and Salon 4.29 Acres of Land Located Just a Couple Blocks South of I-90 MF-2 Zoning Allows for High Density Multi Family / Senior Living or Assisted Living Parking Consists of 32 Garages and 52 Paved Stalls 42 Large Units Consist of 1 to 3 Bedrooms Ranging from 815 SF to 2,700 SF Each Unit has their own fire place, washer and dryer and AC Unit $828,297 NOI, 11.5% Cap Rate Pro Forma Priced at $100.68 per SF. Well below Replacement Cost.

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Attachments

Evergreen Rd 1309 N - JP & JJ.pdf (PDF) opens in new window

Getting around

31/100
Walk Score ®
37/100
Transit Score ®
51/100
Bike Score ®

Powered by Walk Score ®

City Spokane Valley, WA
Neighborhood Progress
Zip Code 99216
Market Spokane

Points of Interest

Spokane

9.18 miles

Exxon

0.32 miles
Maverik

0.36 miles
Conoco

0.95 miles
nomnom

0.98 miles
Mobil

1.03 miles
Conoco

1.05 miles
Chevron

1.09 miles
Sam's

1.10 miles
Holiday

1.13 miles
Indie Food Mart and Fuel

1.33 miles

Trentwood Trailhead

3.17 miles
Brevier Road Trailhead

3.82 miles
Saltese Flats Trailhead

4.27 miles
Phillips Creek Trailhead

4.28 miles
Canfield Gulch Trailhead

5.46 miles
Iller Creek Trailhead

5.50 miles
Lot P4

6.27 miles
P25

6.31 miles
Lot P3

6.36 miles
Lot P5

6.37 miles

Tru by Hilton

0.60 miles
Comfort Inn & Suites

0.88 miles
Oxford Suites Spokane Valley

0.88 miles
HomeTowne Studios

1.01 miles
Ramada

1.05 miles
Mirabeau Park Hotel & Convention Center

1.13 miles
Residence Inn

1.31 miles
Hampton Inn & Suites Spokane Valley

1.64 miles
Holiday Inn Express Spokane Valley

2.87 miles
Baymont Inn & Suites

2.91 miles

TJ Maxx

0.50 miles
Spokane Valley Mall

0.65 miles
JCPenney

0.68 miles
Macy's

0.69 miles
Target

0.89 miles
Safeway

0.94 miles
Big Lots

0.94 miles
Lieng & Pheng Oriental Market

0.97 miles
Yoke's

1.06 miles
Burlington

1.12 miles

In-Depth Research Available for this Property

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1309 N Evergreen Rd