Golf Course
706 1st St Cheney, WA
$ 790,000
Property Attributes
  • ID#202125098
  • TypeIncome
  • CountySPOKANE
  • CityCheney
  • AreaA420-097
  • Zip99004
  • Style2 Story
  • Price$ 790,000
  • Bedrooms6
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage7500
  • Lot Size9,148 SqFt
Listing Provided Courtesy Of:
M J McAdams Realty
Data Source:
Spokane AOR - 84 - WA
Property Description

A rare investment opportunity. CAP is 5.2 % for 2021. Great income producing property with a huge potential. 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 (6bdr/3bth, 2750 sq.ft, rented by room with a great rental income) and Commercial Storefront/Retail/Office below in a prime location, 3 blocks from EWU and downtown of Cheney. 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 and 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.

Price History
11/13/2021 Listed $790,000

General Features

Access Paved, Pub Rd
Basement No Basement, See Remarks
Class Rental Income
Common Amenities Lndry, See Remarks
Features 200 AMP
Garage Attached, See Remarks
Listing Area A420/097
Roof Flat
School District Cheney
Status Active
Status Active
Stories 2
Style 2 Story
Terms Cash, Commercial
Type Rental Income
Year Built 1954

Interior Features

# Air Cond 2
# Baths Unt A 3
# Br Unt A 6
# Ranges 1
# Refrig 1
Heat/Cooling Gas, Elec, Forced Air, Basebd, Cent A/C
Total Number of Units 6

Exterior Features

Apx Lot Size Sq Ft 9148
Exterior Block
Garage Capacity 4+
Lot Information Level, Corner
Lot Size Area 0.21
Parking Spaces 12


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 99004

AVG $570K
Year Built
AVG 1945
AVG 62
Data Provided by Walkscore ® not using MLS data

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