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$850,000

1746 days
Rental|Built 1978
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Two side by side duplexes that are being sold together. great location that is close into town but feels like the county too. Just about a 1/2 mile to riverside st park. 3 miles to orv park. Renters have a easy drive into town, fairchild or out to nine mile. Each unit is 1122 sqft on the main floor and 1122 in the basement, 8976 total sqft. They have 2 main floor bedrooms and a 3rd br down with non egress. huge family room down and second 3/4 bath and storage too. The property is on a shared well and each unit has a septic system. Renters have been there for a few years and their rent is low but the ownership group believes in keeping renters vs turn over. We have one at $1,400 and that is what we feel baseline should be. Proforma based on actual rents not what could be. Shop in back is rented at $25.00 month and is low. possible 1031 exchange with sellers, buyers to cooperate with exchange paperwork if needed.

Sale Summary

Sold Price

$885,000

List Price

$850,000

Sale vs List

+4%

Close Date

Feb 8, 2022

Financing

Conventional

Buyer's Agent

MISC MISC

Property Details

Property Type

Rental

Year Built

1978

County

Spokane

Lot Size

1.34 acres

Garage

4-car

Schools

Elementary: Nine Mile Falls, Middle: nine mile, High: Lakeside

Days to Sell

61 days

MLS #

SAR202125755

Parcel #

26212.0708

MLS Area

A331/148

MLS Class

Rental Income

Listing Terms

Conventional, Cash

Road Frontage

Gravel

Street Direction

N

MLS Status

Sold

Listed On

Dec 8, 2021

Went Pending

Dec 15, 2021

Status Changed

Feb 9, 2022

Last MLS Update

Feb 9, 2022

MLS Branch

227

School Information

Elementary

Nine Mile Falls

Middle School

nine mile

High School

Lakeside

Home Features & Details

Construction

BlockSiding

Structure Type

One Story

Roof

Composition

Basement

FullPartially Finished

Heating

ElectricBaseboard

Cooling

Wall Unit(s)

Appliances

Free-Standing RangeDishwasherRefrigeratorDisposal

Fireplace Features

Woodburning Fireplce

Pool Features

In Ground

Parking

Attached

Lot Features

Fenced YardSprinkler - Automatic

Other Structures

Barn(s)

Listed By

Tim Todd

Windermere North

Estimated Monthly Payment

$4,604/mo

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

Property Highlights

Year Built1978
Lot Size1.34 acres
StatusClosed

Location

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