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    706 1st St

    Cheney, WA 99004
    • $789,990
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 202024163
    UPDATED: 43 min ago
    $789,990
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,500
      SQFT
    • $105
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Investment opportunity in a prime location: 2-story Commercial building(7,500 sq.ft) located next to EWU,city library, court house, local eateries. 8.1% cap rate of return with leasing the main floor at $3000 only. It is zoned G1, downtown commercial.There are 6 dormitory-style bedrooms fully occupied on the second floor,rented by the room&office space/store retail on the first floor. Updated electrical, vinyl windows, bathrooms, laundry room, AC, gas heating. 12+parking stalls&street parking will make these properties highly desirable among the growing population of more than 11,000 EWU students, closeness to the EWU campus.You can also LEASE IT AT AFFORDABLE RATE: 5000 sq.ft of Storefront Retail Space on the main floor is available at $3000 per month. It is a great time to get an advantage of low LEASE rate. Ask your Agent to provide the flyer with more info.Closeness to EWU makes the property highly desirable among the growing population of EWU students&local

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    © 2020 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2020-11-27T23:20:30.627.
    www.hardiegroup.com/homes/111409630
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    706 1st St Cheney, WA 99004

    • Price: $789,990
    • Status: Active
    • Updated: 43 min ago
    • ID#: 202024163
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    7,500
    SQFT
    $105
    $/SQFT
    1954
    Built
    Neighborhood:
    A420/097
    County:
    Spokane
    Area:
    A420/097
    School District:
    Cheney
    Property Description
    Investment opportunity in a prime location: 2-story Commercial building(7,500 sq.ft) located next to EWU,city library, court house, local eateries. 8.1% cap rate of return with leasing the main floor at $3000 only. It is zoned G1, downtown commercial.There are 6 dormitory-style bedrooms fully occupied on the second floor,rented by the room&office space/store retail on the first floor. Updated electrical, vinyl windows, bathrooms, laundry room, AC, gas heating. 12+parking stalls&street parking will make these properties highly desirable among the growing population of more than 11,000 EWU students, closeness to the EWU campus.You can also LEASE IT AT AFFORDABLE RATE: 5000 sq.ft of Storefront Retail Space on the main floor is available at $3000 per month. It is a great time to get an advantage of low LEASE rate. Ask your Agent to provide the flyer with more info.Closeness to EWU makes the property highly desirable among the growing population of EWU students&local
    Exterior Features

    Access PavedPublic Road Exterior Block Garage Parking AttachedSee Remarks Garage Size Other Lot Information LevelCorner Parking Spaces 12 Roof Flat Style Of Construction 2 Story

    Interior Features

    Basement No BasementSee Remarks Ranges 1 Refrigerators 1

    Property Features

    Air Conditioners 2 Common Amenities LaundrySee Remarks Features 200 AMP Gross Monthly Income 3290 Heat Cooling GasElecForced AirBasebdCent A/C Site Improvements Public SewerSewer ConnectionsPublic Water Sub Type Rental Income Terms CashCommercial Year Remodeled 2018

    Listing provided courtesy of M J Mcadams Realty.
    © 2020 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2020-11-27T23:20:30.627.
     
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    The Hardie Group
    799 S Stevens St
    Spokane WA, 99204