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Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
Looking for an investment property with immediate upside? These two parcels must be sold together and include 3 traditionally built duplexes and 1 larger converted duplex. The smaller duplexes feature 1 bedroom and 1 bath on each side. One bedrooms in this area are so popular being they are walking distance to bus routes and shopping. All units are ground level with only 1 step for entry. Projected rents with light rehab is $995/mo. Owner has increased some rents to $875 in as-is condition. Washer and dryer has been added to 4/6 1 bedroom units as well. All flat roofs have recently been replaced and have tons of life on them. The single family home was converted into a duplex. The upstairs unit is a 4 bedroom 3 bathroom with appx 1200 sqft and includes an attached 1 car garage. The basement unit has separate entrance and is a 2 bed 1 bath with appx 1000 sqft. Zoning in this area is corridor mixed use for those who may want a value add opportunity. All units have either a carport or covered garage.
Sold Price
$500,000
List Price
$980,000
Sale vs List
-49%
Close Date
Mar 7, 2022
Financing
Conventional
Buyer's Agent
Steve Jones
Property Type
Rental
Year Built
1953
County
Spokane
Lot Size
0.88 acres
Living Area
5,412 sqft
Price / Sqft
$181
Garage
3-car
Total Parking
4260 spaces
Schools
Elementary: Central Valley, Middle: North Pines, High: University
Days to Sell
43 days
MLS #
SAR202210653
Parcel #
45164.0589
Annual Taxes
$4,476.34
Total Building Area
5,412 sqft
MLS Area
A110/070
MLS Class
Rental Income
Listing Terms
Conventional, Cash
Road Frontage
City Street, Paved Road, Gravel
Street Direction
E
MLS Status
Sold
Listed On
Jan 22, 2022
Went Pending
Jan 27, 2022
Status Changed
Mar 8, 2022
Last MLS Update
Mar 10, 2022
MLS Branch
1199
Elementary
Central Valley
Middle School
North Pines
High School
University
Architectural Style
Construction
Structure Type
Roof
Basement
Heating
Appliances
Fireplace Features
Patio & Porch
Views
Parking
Lot Features
Listed By
Jeff Hornberger
The Hornberger Group, LLC

Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
$5,308/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
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