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$100,000

Rental|Built 1892
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Home and 8 unit apt complex on 1.04 acres in Medical Lake. 3 of the 8 units are rented and bringing in $1050 per month, the others could bring in $1625 per month and the house could bring in even more. This investment pencils currently with 3 of 8 units rented. The others need work but the potential is huge. Cash talks and the owner is looking at all offers. 7 of the units are 1 bedroom and one is 2 bedroom and the home has 3 bedrooms, 2 bathrooms and a huge shop area.

Sale Summary

Sold Price

$68,000

List Price

$100,000

Sale vs List

-32%

Close Date

Jul 9, 2013

Financing

Cash

Buyer's Agent

Tom Hormel

Property Details

Property Type

Rental

Year Built

1892

County

Spokane

Lot Size

1.04 acres

Total Parking

1000 spaces

Schools

Elementary: Medical Lake, Middle: Medical Lake, High: Medical Lk

Days to Sell

151 days

MLS #

SAR201311798

Parcel #

04031.9009

MLS Area

A420/098

MLS Class

Rental Income

Listing Terms

Cash, Owner Financing

Road Frontage

City Street

Street Direction

W

MLS Status

Sold

Listed On

Feb 7, 2013

Went Pending

Jul 5, 2013

Status Changed

Jul 10, 2013

Last MLS Update

Nov 21, 2024

MLS Branch

572

School Information

Elementary

Medical Lake

Middle School

Medical Lake

High School

Medical Lk

Home Features & Details

Construction

Block

Structure Type

See Remarks

Roof

Composition

Basement

Partial

Heating

ElectricDuctless

Parking

None

Listed By

Tom Hormel

RE/MAX Inland Empire

Estimated Monthly Payment

$542/mo

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

Property Highlights

Year Built1892
Lot Size1.04 acres
StatusClosed

Location

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