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722 E 5th Ave - Perry District Townhomes

6 Unit Apartment Building Offered at £1,500,114 at a 5.06% Net Initial Yield in Spokane, WA 99202

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Investment Highlights

3) 3 bed/2.5 bath units, (1) 2 bed/2bath unit, (1) 2 bed/1.5bath unit, and (1) 1 bed/1.5 bath unit
Meticulously designed units feature garages, washer/dryer, gas fireplaces, alarm systems, premium finishes, and more
Multifamily property tax exemption valid through 2027

Units 1-5 were built in 2018 and unit 6 (The Rancher) was built in 1977
Opportunity for 3 additional homes on the same block to be included in the sale
Property to be sold on owner contract: 25% Down, 5% Interest Rate, 30 Year Amortization, 30 Year Term

Executive Summary

SVN Cornerstone has been selected to exclusively market the Perry District Townhomes for sale. The Perry District Townhomes consist of six units, ideally situated in Spokane's Perry District, with convenient access to downtown, public transportation, and nearby shops, restaurants, and parks.

Perry District Townhomes Offering Memorandum (1)

Financial Summary (Actual - 2024) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	£1,500,114	Apartment Style	Townhome
Price Per Unit	£250,019	Lot Size	0.37 AC
Sale Type	Investment	Building Size	9,806 SF
Net Initial Yield	5.06%	Number of Floors	2
No. Units	6	Year Built/Renovated	1977/2018
Property Type	Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,500,114
Price Per Unit	£250,019
Sale Type	Investment
Net Initial Yield	5.06%
No. Units	6
Property Type	Residential
Apartment Style	Townhome
Lot Size	0.37 AC
Building Size	9,806 SF
Number of Floors	2
Year Built/Renovated	1977/2018
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.