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Full details for Other For Sale in Cheney, Washington

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Description

Fantastic multifamily opportunity just steps from Eastern Washington University! 523 4th Street is a single family home (built in 1910) with 4 bedrooms and 2 bathrooms with spacious rooms and tons of character. 519 4th Street features a multifamily home with 6 units (built in 1882), plus a rear finished building with 4 units and 3 unused garages (built in 1955). There are 7 x 1 bedroom/1 bathroom units and 3 studios. The property has a newer roof, recently updated interiors, and off-street parking. Rents can be increased across the board with a few small upgrades, and there is an opportunity to finish the garages into apartment spaces as well. The property is 100% occupied, and never has a problem staying full. Historically, the Cheney market also has low vacancy, and there has been significant movement in new businesses in the West Plains area for the past several years. This is a great multifamily opportunity with solid upside in a consistently increasing rental market! Back to listing