$400,000
SOLD OCT 1, 2012

1115 1st St Cheney, WA 99004

-- Bed
-- Bath
7,200 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$56 Per Sq Ft

9% Below List Price

328 Days on Market

About This Home

As of July 2020

“Very highly upgraded 3 story walk up style 11 unit building priced at a very solid 8% cap rate ( see attached APOD in Docs ). Close to EWU & tons of up – side in rents. Nearly 100K in capital improvements have been completed in the last few years including roof, vinyl siding & windows, hot water tanks, appliances, floor coverings , fixtures & more ( see itemized list in docs ). All leases are 12 month leases. One seller is a Washington RE Broker.”

Last Agent to Sell the Property

Glenn Sather

Coldwell Banker Schneidmiller License #4761

Last Buyer's Agent

MISC MISC

Edwards Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,520

Year Built

  • Built in 1970

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 7,200 Sq Ft Home
  • 3-Story Property

Parking

  • 1,149 Parking Spaces
  • Off-Site Parking

Schools

  • Cheney Middle School
  • Cheney High School

Utilities

  • Baseboard Heating

Community Details

  • 11 Units
  • Water Sewer Expense $5,232

Listing and Financial Details

  • Assessor Parcel Number 13131.0506

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,520

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Year Built: 1970
  • Property Sub-Type: Rental
  • Road Frontage Type: City Street, Paved Road
  • Co List Office Mls Id: SAR628
  • Co List Office Phone: 208-765-2222
  • Co List Office Phone: 208-765-2222
  • MLS Status: Sold
  • Master Plan Zoning: Comme
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2008

Interior Features

  • Basement: None
  • Stories: 3

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Brick, Vinyl Siding

Garage/Parking

  • Parking Features: Off Site
  • Total Parking Spaces: 1149

Utilities

  • Heating: Electric, Baseboard
  • NumberOfRanges: 11

Fee Information

  • Annual Water Sewer Expense: 5232

Schools

  • Elementary School: Cheney
  • High School: Cheney
  • Middle Or Junior School: Cheney

Lot Info

  • Parcel Number: 13131.0506

Multi Family

  • Number Of Units Total: 11

Tax Info

  • Tax Annual Amount: 4520
  • Tax Database ID: 1

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2020 07/10/20 Sold $862,800 -1.4% $120 / Sq Ft
04/25/2020 04/25/20 Pending -- -- --
03/29/2020 03/29/20 For Sale $874,900 +32.6% $122 / Sq Ft
07/27/2018 07/27/18 Sold $660,000 -1.3% $92 / Sq Ft
06/03/2018 06/03/18 For Sale $669,000 +67.3% $93 / Sq Ft
10/01/2012 10/01/12 Sold $400,000 -8.6% $56 / Sq Ft
07/19/2012 07/19/12 Pending -- -- --
08/26/2011 08/26/11 For Sale $437,586 -- $61 / Sq Ft
Source: Spokane Association of REALTORS®

Source: Spokane Association of REALTORS®

MLS Number: 201122361

Spokane Association of REALTORS®