5312 E Union Ave, Spokane, WA 99212

Pleased to present the Union Apartments for sale. A low-maintenance, value-add apartment building with strong upside potential. The property includes eight 1-BD/1BA units, onsite laundry, yard area, and dedicated parking for each unit plus additional street parking. Competitive price point at $111,875 per unit, this asset outperforms market comps with an average of $128,073 per unit. Upside potential, opportunity to increase rents by 3.32% to market rates with as-is unit interiors offering strong immediate and long term income potential w/ 6.20% pro forma cap rate. Located in Chief Garry Park, this property offers quick access to Downtown Spokane and Feltz field, making it a desirable rental spot. Valuable amenities include onsite laundry and dedicated parking for each unit to enhance tenant satisfaction & retention. 1BD/1BA units are in strong demand, appealing to singles, couples, and professionals which supports steady occupancy and income!