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$615,000

3,800 sqft
1208 days
Rental|Built 1977
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Welcome to the Spokane Valley's finest income property! This spacious duplex, conveniently located on a bus route and near shopping, offers a remarkable investment opportunity. Boasting an impressive size that surpasses typical duplexes in the area, each unit features 5 bedrooms, 2 bathrooms, and a generous 1,900 square feet of living space. The current tenants have taken exceptional care of the recently renovated property. The modern updates enhance the overall appeal and ensure a contemporary living experience. Nestled on a large lot, this duplex provides ample outdoor space accessible via walkout basements for relaxation and recreation. Additionally, each unit has the convenience of a private 1-car garage that leads into the kitchen. Each garage opens electrically for easy access. Parking will never be an issue, as multiple off-street spaces are available for both tenants and their guests. The property has a strong capitalization rate, even after accounting for professional management fees.

Sale Summary

Sold Price

$590,000

List Price

$615,000

Sale vs List

-4%

Close Date

Jul 31, 2023

Financing

FHA

Buyer's Agent

Matthew Brunner

Property Details

Property Type

Rental

Year Built

1977

County

Spokane

Lot Size

0.42 acres

Living Area

3,800 sqft

Price / Sqft

$162

Garage

2-car

Total Parking

4 spaces

Schools

Elementary: Central Valley, Middle: North Pines, High: Central Valley

Days to Sell

62 days

MLS #

SAR202316227

Parcel #

45141.0912

Annual Taxes

$4,531

Total Building Area

3,800 sqft

MLS Area

A110/082

MLS Class

Rental Income

Listing Terms

FHA, VA Loan, Conventional, Cash

Road Frontage

City Street

Street Direction

E

MLS Status

Sold

Listed On

May 29, 2023

Went Pending

Jun 25, 2023

Status Changed

Aug 7, 2023

Last MLS Update

Aug 7, 2023

MLS Branch

328

School Information

Elementary

Central Valley

Middle School

North Pines

High School

Central Valley

Home Features & Details

Architectural Style

Ranch

Construction

Siding

Structure Type

One Story

Roof

Composition

Basement

Full

Heating

ElectricBaseboard

Cooling

Window Unit(s)Wall Unit(s)

Utilities

Cable Available

Appliances

RangeFree-Standing RangeDishwasherRefrigeratorDisposalMicrowave

Interior Features

High Speed InternetAlum Wn FrWindows Vinyl

Patio & Porch

DeckPatio

Parking

AttachedOff Site

Lot Features

Fenced Yard

Listed By

Aaron Lennon

Coldwell Banker Tomlinson

Estimated Monthly Payment

$3,331/mo

Estimated at 6.5% APR, 30-year fixed. For informational purposes only.

Property Highlights

Year Built1977
Square Footage3,800 sqft
Lot Size0.42 acres
Price / Sqft$162
StatusClosed

Location

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