706 1st Street
706 1st Street Cheney, Washington 99004 United States

$849,000
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M J McAdams Realty

Listing Courtesy of M J McAdams Realty
7,500 Sq Ft.
Interior
.21 Acres
Exterior
Residential Income
Property type
1954
Year Built
202220435
Web Id
202220435
MLS ID
Cheney
School District
9
days ago

About 706 1st Street

CAP is 5.2 % for 2021. Great income producing property with a great potential. A rare investment opportunity. NI is 3.8% by leasing 2700 sq.ft apartment only, with leasing the main floor that is 4800 sq ft., you are looking for NI around 8-10%. It is a unique combination of completely renovated Apartment on the second floor (6 bdr/3bth, 2750 sq.ft, rented by room with a great rental income) and Commercial Storefront/Retail/Office on the main floor in a prime location,3 blocks from EWU and downtown of Cheney. Apartment could be leased as offices or medical facility, etc. Zoned G1, downtown commercial.The showroom on the main floor has an open floor plan, approx. 4800 sq. ft, loading dock,12+parking stalls and street parking will make these properties highly desirable among the growing population of more than 12,000 EWU students&closeness to the EWU campus, rapidly growing West Plains with Amazon fulfillment center, Medical Lake, golf courses and lakes, Fairchild AFB. Great owner user or investment opportunity.

Listing Courtesy of M J McAdams Realty

Amenities

  • Laundry

features

Style
Flat

PROPERTY INFORMATION

Amenities
Laundry, See Remarks
Basement
None, See Remarks
Garage Info
4
Heating
Gas Hot Air Furnace, Electric, Forced Air, Baseboard, Central
Parking Description
Attached, See Remarks

EXTERIOR

Construction
Block
Roofing
Flat

ADDITIONAL INFORMATION

Number of Units
6
Listing Courtesy of M J McAdams Realty

M J McAdams Realty

Listing Courtesy of M J McAdams Realty
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