Cedar Street Apartments

For Sale: The Well-Located Income-Producing Property You Have Been Looking For!

Property Details

Cedar Properties

Excellent South Hill, 2 building, 10 unit investment opportunity! Highly desirable area near hospitals, Huckleberry’s, downtown and freeway access. These beautiful buildings have been updated and have no vacancy. Huge apartments with lofts and built-ins that are in high demand. Off street parking lot, on site laundry and area for an 11th unit. Currently performing 7.2% cap rate with upside! Check out these other awesome features….:

• Currently Monthly income is $6,971 with room to go up!
• Gross Income $83,652 with Net Operating Income $46,653
• Expandability! At one time there was an 11th unit that could be restored!
• Extra storage area or basement that could be used for additional income
• Fully rented with waiting list!

All this for only….$665,000!!! Yes!!! That is an awesome price right!!!

Address: 602 – 618 S Cedar Street, 99204

This will go extremely fast, so don’t miss out on your chance!!!! Call Now!!!!

Due to privacy of the tenants, please, call for an appointment instead of going onsite.
If interested, please drive by and take a look, then call Tyler at 509-251-2871!
**Extant Company, LLC is and EQUAL OPPORTUNITY and FAIR HOUSING Property Management Company.
*Agent Holds Real Estate License.