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$3,500,000

11,980 sqft
1527 days
Rental|Built 1972
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Once in a lifetime opportunity to add a Crown Jewel to your portfolio! First time on the market EVER...built by the current owner as their own Legacy Property! Very well constructed on solid basalt and lovingly cared for for over 50 years! The over Half Acre grounds are gorgeously landscaped and make an eye catching setting*Just a half block from the entrance to Spokane's 96 Acre Manito Park! Just blocks from lower Grand Blvd shops and the Manito shopping and dining district to the South*Across the street from the old Rockwood Market, now the Rockwood Bakery and Coffee House*There are 3 buildings total...316, 320, 324 E 18th Ave*Building 316 has four single car garages detached, along with storage bays inside*Buildings 320 and 324 have assigned open parking spaces and generous storage lockers outside of each unit*Sold as a package only*The pictures show some of the different floor plans. The rents have not been raised in years*The value is reflective of projected rents*All units are occupied at this time.

Sale Summary

Sold Price

$2,700,000

List Price

$3,500,000

Sale vs List

-23%

Close Date

Dec 19, 2022

Financing

Cash

Buyer's Agent

MISC MISC

Property Details

Property Type

Rental

Year Built

1972

Subdivision

Rockwood

County

Spokane

Lot Size

0.61 acres

Living Area

11,980 sqft

Price / Sqft

$292

Garage

4-car

Total Parking

12 spaces

Schools

Elementary: Spokane Dist 81, Middle: Sacajawea Middle School, High: Lewis & Clark

Days to Sell

157 days

MLS #

SAR202219423

Parcel #

35292.1103

Annual Taxes

$13,719

Total Building Area

11,980 sqft

MLS Area

A210/045

MLS Class

Rental Income

Listing Terms

Conventional, Cash

Road Frontage

City Street, Paved Road, See Remarks

Street Direction

E

MLS Status

Sold

Listed On

Jul 14, 2022

Went Pending

Oct 19, 2022

Status Changed

Dec 19, 2022

Last MLS Update

Dec 19, 2022

MLS Branch

513

School Information

Elementary

Spokane Dist 81

Middle School

Sacajawea Middle School

High School

Lewis & Clark

Home Features & Details

Architectural Style

Traditional

Construction

Stone VeneerWood Siding

Structure Type

Two Story

Roof

Composition

Basement

Slab

Heating

ElectricBaseboardSee Remarks

Cooling

Wall Unit(s)Other

Appliances

Free-Standing RangeDishwasherRefrigeratorWasherDryer

Interior Features

Alum Wn Fr

Fireplace Features

Gas

Patio & Porch

Patio

Views

Territorial

Parking

DetachedAssignedSee Remarks

Lot Features

Sprinkler - AutomaticTreed

Other Structures

Shed(s)See Remarks

Listed By

Bill Richard

Keller Williams Spokane-Branch

Estimated Monthly Payment

$18,958/mo

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

Property Highlights

Year Built1972
Square Footage11,980 sqft
Lot Size0.61 acres
Price / Sqft$292
StatusClosed

Location

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