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$670,000
Joey Costello
Windermere North Spokane
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Make a winning offer with the help of a local expert
About This Home
Wow! 8% cap rate based on actual rents, 10% vacancy factor, conservative expenses including management and increased taxes. Typical financing today would result in a 11%+ return on investment. Well maintained but with no major updates, the property could benefit even more from some contemporary flooring and lighting. Spacious units all have a full size washer and dryer in unit, a rarity in this vintage. Access is excellent on a secondary lot off Sprague Ave, brick exterior, ample off street parking.
Sale Summary
Sold Price
$604,200
List Price
$670,000
Sale vs List
-10%
Close Date
Oct 5, 2015
Financing
Conventional
Buyer's Agent
Melissa Blaine
Property Details
Property Type
Rental
Year Built
1966
County
Spokane
Lot Size
0.74 acres
Total Parking
2600 spaces
Schools
Elementary: Central Valley
Days to Sell
235 days
MLS #
SAR201512000
Parcel #
45153.3936
Annual Taxes
$6,586
MLS Area
A110/069
MLS Class
Rental Income
Listing Terms
Conventional, Cash
Road Frontage
See Remarks
Street Direction
E
MLS Status
Sold
Listed On
Feb 11, 2015
Went Pending
Oct 5, 2015
Status Changed
Oct 6, 2015
Last MLS Update
Nov 21, 2024
MLS Branch
229
School Information
Elementary
Central Valley
Home Features & Details
Construction
Structure Type
Roof
Basement
Heating
Cooling
Appliances
Parking
Lot Features
Listed By
Jay Overholser
SDS Realty, Inc.
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
Estimated Monthly Payment
$3,629/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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