1802 N. SPOKANE AVE.
Aspen Apartments with Development Potential

Project to be sold with contiguous land and single family residence at $450,000 total. Highest and best use for the land would be an additional 20+ units. Contact Glenn for full package and details.


Price:

$ 1,425,000    

Units:

22      

Sq Foot:

18,920      

Age:

1990      

Cost/Unit:

$ 64,772      

Cost/Sq Ft:

$ 75      


Unit Mix:
Number Bedrooms Baths
22 2 1

Gross Scheduled Income:

$ 165,000

Gross Rent Multipler:

8.6

Operating Expense:

$ 57,750

*Taxes:

$ 19,460

Net Operating Income:

$ 100,000

Capitalization Rate:

7

*Taxes are included in operating expense

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SCHNEIDMILLER REALTY
2000 Northwest Blvd
Coeur d'Alene, ID 83814


208 765-4300
800 829-2555
509-255-5155