1118 Oakland St

Description:

Talsman Apartments, located at 1118 Oakland Street in Cheney, WA, is a well-positioned multifamily community directly adjacent to Eastern Washington University. Built in 1967, the property has a proven rental history and benefits from strong, consistent demand from students, faculty, and local workforce tenants. The community offers a mix of one-, two-, and three-bedroom units, many with private patios or balconies, along with an on-site coin-operated laundry facility that provides additional income. Water and garbage are included in rent, while tenants pay electricity and sewer, reducing landlord expense exposure. Buyers have the flexibility to implement their own management strategy and reposition the asset for greater efficiency. Combining a prime location, stable occupancy, and clear value-add potential, Talsman Apartments presents an attractive investment opportunity in the growing Cheney market.

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Listing ID: df7ad897-b722-444e-a6e1-badfd8617747