the gee 14 unit co-op apartment building · - 1 metalfrio freezer - 1 metalfrio refrigerator - 1...
TRANSCRIPT
The Gee House is a fully loaded co-operative style apartment building with 14 furnished units within walking distance to Gonzaga University and the University District. This award-winning, LEED Platinum Certified co-op comes equipped with fire sprinkler system, a security system and cameras, and off-street parking. The Gee is also ADA accessible.
Ryan Towner Dallas Lightner509 622 3592 509 622 [email protected] [email protected]
The Gee14 Unit Co-Op Apartment Building 817 East Nora Avenue
Sale Price:$993,000Cap Rate: 6.00%
Black Commercial, Inc.107 S. Howard, Suite 500Spokane, WA 99201509 623 1000
3 Financial Information
4 Property Features
5 Aerial
6 Local University Information
7 Interior Photos
8 Exterior Photos
9 University District Demographics
10 University DistrictDevelopment Projects
11 Publicity and Recognition
12 Exhibit A: Floorplans
13 Exhibit B: Personal Property
14 Exhibit C: Parcel Information
Table of Contents
2
Financial Information
AnnualCurrent Gross Income $75,600.00
Actual ExpensesInsurance ($2,400.00)Taxes (2017) ($8,845.34)Management (3%) ($2,268.00)Repairs/Reserves ($2,500.00)
Total ($16,013.34)
NOI $59,586.66
Cap Rate 6.00%
Rent Roll Mix RentUnit 1 1 bed $450.00Unit 2 1 bed $450.00Unit 3 1 bed $450.00Unit 4 1 bed $450.00Unit 5 1 bed $450.00Unit 6 1 bed $450.00Unit 7 1 bed $450.00Unit 8 1 bed $450.00Unit 9 1 bed $450.00Unit 10 1 bed $450.00Unit 11 1 bed $450.00Unit 12 1 bed $450.00Unit 13 1 bed $450.00Unit 14 1 bed $450.00
*Below Market Rents*
Personal Property included for an additional $50,000-see Exhibit B for comprehensive list of items-
Overview
3
Property Features5,724 SF Fully Leased Co-Op
Apartment Building
• All 14 units include a murphy bed, desk, built out wardrobe and ceiling fan
• 7 shared bathrooms and 1 common area bathroom
• Commercial grade kitchen communal for all tenants
- Stainless steel counters for easy maintenance
• LEED Platinum Certified• All appliances are energy star rated• Fully leased to members of reputable
Gonzaga men’s fraternity• Built in 2011• Includes covered patio, porch and 2
decks• Sale price below replacement cost value
- Replacement value estimated at $1.3-1.4M
• Fully ADA accessible• HERS Rating: 58• Media Center and Fully Furnished Kitchen• Security System with Cameras• Fire Alarm and Sprinkler System- Owner is a licensed realtor in the State of Washington -
4
E NORA AVE
THE GEE HOUSE
5
Aerial
SCHOOL DISTANCE 2017 ENROLLMENTMoody Bible Institute 0.2 miles 496Gonzaga University 0.3 miles 5,160WSU 1.3 miles 1,493UW Med Center 1.3 miles 60SCC 2.1 miles 17,400SFCC 3.8 miles 8,882Whitworth University 6.4 miles 2,346EWU (MAIN) 26 miles 13,453
6 miles
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Local University Information
Interior Photos
7
8
Exterior Photos
University District Development Projects
The Catalyst Project
Myrtle Woldson Performing Arts Center, Gonzaga
Volkar Center for Athletic Achievement, Gonzaga
Spokane Teaching Health Clinic, WSU
U-District Bridge
Rendering courtesy of City of Spokane
Rendering courtesy of Avista Utilities/Bernardo Wills
Rendering courtesy of ALSC Architects
Rendering courtesy of Gonzaga University
Rendering courtesy of WSU
CLICK ON PHOTO TO LEARN MORE ABOUT PROJECT 10
Publicity and RecognitionIN THE NEWS…
GOLDEN NUGGET: GRAND AWARD WINNER
CLICK ON NEWS HEADING TO READ MORE 11
Watch The Gee Video HERE
Exhibit A:Floorplans
LEVEL 3 FLOOR PLAN
12
Exhibit B:Personal PropertyPersonal Property: $50,000
- 1 True Refrigerator- 1 Five Star Stove and Hood- 1 KitchenAid Dishwasher- 1 KitchenAid Trash Compactor- 2 GE Microwaves- 1 Metalfrio Freezer- 1 Metalfrio Refrigerator- 1 U-Line Ice Maker- 1 65” Panasonic Flat Screen TV- 1 Media Center- 3 Washers (commercial grade)- 3 Dryers (commercial grade)- 3 Rheem Marathon Hot Water Tanks- 3 AmericAire Air Conditioners- 4 Barstools- 14 Murphy Beds- 14 Wardrobe Closets- 14 Study Desks- 5 Leather Couches- Utensils, Pots, Pans- Dining Room Table and Chairs
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Exhibit C:Parcel InformationParcel #: 35084.2808
Lot Size: 6969 SF
14
Ryan Towner Dallas Lightner509 622 3592 509 622 [email protected] [email protected]