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$310,000

2,910 sqft
2587 days
Commercial|Built 1991
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Price Drop and increased rents in October put this at an 8.19% Cap! Perfect low maintenance investment property for either a hands or hands off investor, local or non local investor. This self storage facility has 42 units and sits on a nice corner in North Spokane. Located in a mixed residential and commercial setting just across the street from Comcast (Xfinity). 40 of the 42 units are currently leased for a 95% occupancy. Manage yourself or hire a property manager, either way it is a great investment!

Sale Summary

Sold Price

$260,000

List Price

$310,000

Sale vs List

-16%

Close Date

Dec 31, 2019

Financing

Cash

Buyer's Agent

MISC MISC

Property Details

Property Type

Commercial

Year Built

1991

County

Spokane

Lot Size

0.16 acres

Living Area

2,910 sqft

Price / Sqft

$107

Schools

Elementary: Spokane Dist 81

Days to Sell

132 days

MLS #

SAR201922185

Parcel #

35092.3211

Total Building Area

2,910 sqft

MLS Area

A340/018

MLS Class

Commercial

Listing Terms

Conventional, Cash, Commercial

Road Frontage

Easement, City Street, Paved Road

Lease Considered

No

Street Direction

N

MLS Status

Sold

Listed On

Aug 20, 2019

Went Pending

Dec 10, 2019

Status Changed

Dec 31, 2019

Last MLS Update

Nov 21, 2024

MLS Branch

96

School Information

Elementary

Spokane Dist 81

Home Features & Details

Construction

Steel Frame

Roof

Metal

Basement

SlabNone

Heating

See Remarks

Cooling

Other

Lot Features

LevelCorner Lot

Listed By

Rebecca Usai

John L Scott, Spokane Valley

Estimated Monthly Payment

$1,679/mo

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

Property Highlights

Year Built1991
Square Footage2,910 sqft
Lot Size0.16 acres
Price / Sqft$107
StatusClosed

Location

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