exclusively offered by berkadia seattle
304 Barker
Value-add Opportunity with Tremendous Upside
304 E Barker Street | Medical Lake, WA 99022
Highlights$1.2M
List Price
10
Total Units
6.74%
Market Cap Rate
900 SF
Avg Unit Size
1966
Year Built
investment highlights
Ideal repositioning opportunity 20 minutes from downtown Spokane; charming 10-unit community in the landlord-friendly city of Medical Lake.
Unit mix of fully renovated one- and two-bedroom apartments averaging 900 square feet with covered parking and on-site laundry amenities.
Located in a strong rental submarket with 1,245 net move-ins forecasted by year-end; migration from higher-cost markets is expected to drive 3% rent growth through 2025.
Minutes from major employers including Fairchild Air Force Base, Providence Health Care, MultiCare Health System, and multiple Amazon fulfillment centers.
Turnkey Property in a Rapidly Growing Market
contact us to learn more
PRIMARY CONTACT
INVESTMENT SALES
mortgage banking
offices in bellevue & seattle
bellevue
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
206.521.7220
seattle
601 Union Street
Suite 3720
Seattle, WA 98101
206.521.7220
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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