706 1st St

$ 790,000

706 1st St

Facts & Features

  • Date added: 02/08/22
  • Area size: 7500 sq ft
  • Lot size: 0.21 acres
  • Status:
  • Floors: 2 2
  • MLS #: SAR202125099

Description

A rare investment opportunity. CAP is 5.2 % for 2021. Great income producing property with a huge potential. Current NI is 3.8% by leasing 2700 sq.ft apartment only, with leasing the main floor that is 4800 sq ft., you are looking for NI around 8-10%. It is a unique combination of completely renovated Apartment (6 bdr/3bth, approx.2700 sq.ft., rented by room with a great rental income) and Commercial Storefront/Retail/Office below in a prime location, 3 blocks from EWU and downtown. The showroom on the main floor has an open floor plan, approx. 4800 sq. ft, loading dock, 12+parking stalls and street parking will make these properties highly desirable among the growing population of more than 12,000 EWU students and closeness to the EWU campus, rapidly growing West Plains with Amazon fulfillment center, Medical Lake, golf courses and lakes, Fairchild AFB. Great owner user or investment opportunity. Ask your agent to provide the flyer with more info.

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