304 Barker St Medical Lake, WA 99022 – 304 Barker

304 Barker (Status: Available) 1200000

304, Barker St, Medical Lake, WA  99022

Introducing 304 Barker, an exceptional 10-unit property in Medical Lake, WA. This value-add investment opportunity boasts a 7.06% market cap rate, with a clear path to significant upside through renovations and operational enhancements. Located just 20 minutes from downtown Spokane, this property offers a charming community mix of one and two-bedroom units, all with plenty of potential for premium upgrades. With units currently renting below market rates, a potential $95 monthly increase post-renovation is anticipated. The strong rental submarket and proximity to major employers like Amazon, Fairchild Air Force Base, and Providence Health Care further enhance the appeal of this property. If you are looking for a lucrative investment with considerable growth potential in a landlord-friendly

Listing Details

Asset Class: Multi-Family
Year Built: 1966
Building Total Square Feet: 7194
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: R-3

Listing Courtesy of: Berkadia Real Estate Advisors

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.