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April 24, 2024
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PACIFIC NORTHWEST NEWS
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Multifamily Community in Spokane Valley, WA Purchased by Next Wave Investors

10/20/21

Park Place Apartments, a 65-unit community in the Spokane submarket of Spokane Valley, WA, was acquired by Next Wave Investors in an off-market transaction. The price was not given out.

Built in 1977, Park Place is located at 916 North Ella Rd. It features an attractive mix of two-bedroom apartment homes and a single three-bedroom apartment home. All of the community’s units are unrenovated.

Next Wave plans to implement an interior renovation program that will incorporate resurfaced countertops, new bedroom carpeting, stainless steel/black appliances, lighting and plumbing fixtures, new cabinets, electrical plates, brushed nickel hardware, and new paint. Additionally, the firm will implement upgrades to shared amenities and exterior aspects, such as roof maintenance, asphalt resurfacing, landscaping improvements, and new signage.





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