River Court Apartments Sold For $2.325M In Spokane With Max Frame As The Broker

River Court Apartments is a multifamily property located at 3001 East Upriver Drive in Spokane, WA. The complex consists of 21 units and was sold for $2,325,000, resulting in a price per unit of $110,714. The transaction provides a value-add opportunity with projected rent growth ranging from 14% to 24%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,325,000
• Units: 21
• Price Per Unit: $110,714
• Market: Spokane, WA
• Broker: Max Frame - Kidder Mathews

Max Frame from Kidder Mathews represented the transaction, facilitating the sale of the multifamily asset. The deal highlights a strategic move in the Spokane real estate market, showcasing opportunities for rent increases in the future.