Kidder Mathews Acquires Multifamily Complex In Spokane For $1.16M

A vintage eight-unit apartment complex located in the South Perry District, Spokane, Washington, has been sold for $1,162,000. The property, situated at 731 & 737 South Hatch Street, offers a value-add opportunity for the new owner. With a purchase price per unit (PPU) of $145,250, this multifamily asset presents a promising investment in the Seattle, WA market.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,162,000
• Units: 8
• Price Per Unit (PPU): $145,250

Max Frame, a representative of the Simon and Anderson Team at Kidder Mathews, played a role in the successful acquisition of this apartment complex. Serving as the buyer's broker, Frame facilitated the value-add investment in Spokane. With his expertise and knowledge of the local market, the buyer was able to secure a promising asset with potential for increased value in the future.