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$875,000

1779 days
Rental|Built 1911
Joey Costello

Joey Costello

Windermere North Spokane

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|(509) 507-0982

About This Home

Incredible investment opportunity! This 8-unit building has so much potential. The unit mix is (4) 1-bed, 1-bath, and (4) studios. There is also a 9th non-conforming unit that could be brought up to code with a little work. Units are separately metered and there is coin laundry in the basement for extra income and convenience for the tenants. This apartment also comes with an additional lot (parcel) that brings additional potential. Units will be shown with acceptance of offer, proof of funds, and earnest money deposit. Conveniently located near bus routes, downtown, dining, shopping. Please do not disturb the tenants.

Sale Summary

Sold Price

$925,000

List Price

$875,000

Sale vs List

+6%

Close Date

Jan 31, 2022

Financing

Cash

Buyer's Agent

MISC MISC

Property Details

Property Type

Rental

Year Built

1911

County

Spokane

Garage

1-car

Schools

Elementary: Spokane Dist 81

Days to Sell

87 days

MLS #

SAR202124740

Parcel #

25131.0108 & 25

MLS Area

A110/069

MLS Class

Rental Income

Listing Terms

Conventional, Cash

Road Frontage

City Street, Paved Road

Street Direction

W

MLS Status

Sold

Listed On

Nov 4, 2021

Went Pending

Nov 22, 2021

Status Changed

Jan 31, 2022

Last MLS Update

Feb 1, 2022

MLS Branch

772

School Information

Elementary

Spokane Dist 81

Home Features & Details

Construction

Brick

Structure Type

Two Story

Roof

Flat

Basement

FullPartially FinishedLaundry

Heating

Natural GasForced Air

Views

Territorial

Parking

None

Lot Features

City Bus (w/in 6 blks)

Listed By

Aaron Farr

4 Degrees Real Estate

Estimated Monthly Payment

$4,740/mo

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

Property Highlights

Year Built1911
StatusClosed

Location

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