Fourth Avenue Capital (FAC) has acquired Village on Broadway, a 148-unit workforce housing community located in Spokane Valley, Washington. The acquisition expands FAC’s portfolio to 26 properties, including three others in the Spokane–Coeur d’Alene MSA.
Built in 1996, Village on Broadway sits on 7.3 acres and consists of 148 apartment homes across 13 residential buildings. The community offers a diverse mix of one-, two-, and three-bedroom floorplans, averaging 926 square feet per unit.
Strategically situated between downtown Spokane and Coeur d’Alene, the property offers convenient access to I-90, within easy reach of the region’s major employment hubs, shopping, and recreational destinations. FAC plans to elevate Village on Broadway through targeted capital improvements, including upgrading amenities, and repainting the exterior…