Investment Overview

Terra Vista is a 61 unit townhome complex built in 2014 and located in Cheney, Washington. The unit mix consists of 48 three bedroom, 2 four bedroom, 4 five bedroom, and 8 six -bedroom units. Nine of the three bedroom units are furnished and rented by the bedroom. Units range in size from 1,250 square feet to 2,400 square feet and, averaging 1,894 square feet. Unit amenities include luxury vinyl plank flooring, ceiling fans, air conditioning, granite countertops, attached garages and washer/dryer. Terra Vista is conveniently located near Eastern Washington University and 20 minutes away from Spokane, the second largest city in Washington. Eastern Washington University has over 12,000 students and 1,000 faculty members and contributes significantly to the local economy. The property is a strong beneficiary of the local college community, but not dependent upon school attendance, as the tenant base is primarily families. The healthcare sector is another important contributor to Cheney’s economy. The city has several medical clinics and hospitals, including Cheney Medical Center, which is operated by Providence Health and Services. Terra Vista is an opportunity for an investor seeking stable rental income, low vacancy rates, and a strong tenant base. With its convenient location, modern amenities and spacious units, this investment has the potential to provide consistent returns.