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$980,000

5,412 sqft
1700 days
Rental|Built 1953
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

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.

Sale Summary

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 Details

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

School Information

Elementary

Central Valley

Middle School

North Pines

High School

University

Home Features & Details

Architectural Style

Ranch

Construction

SidingWood Siding

Structure Type

One Story

Roof

Composition

Basement

See Remarks

Heating

Natural GasElectricForced Air

Appliances

Free-Standing RangeRefrigerator

Fireplace Features

Woodburning Fireplce

Patio & Porch

Patio

Views

City

Parking

AttachedCarport

Lot Features

Level

Listed By

Jeff Hornberger

The Hornberger Group, LLC

Estimated Monthly Payment

$5,308/mo

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

Property Highlights

Year Built1953
Square Footage5,412 sqft
Lot Size0.88 acres
Price / Sqft$181
StatusClosed

Location

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