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$2,400,000
Joey Costello
Windermere North Spokane
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About This Home
Brand new construction 6 plex located in the heart of the Spokane Valley. Quick access to all areas of town including the colleges, universities, hospitals and freeway. The project is built in 2 buildings, with 3 townhome style units in each building. All units are identical with appx 1800 sq ft 3 bedroom, 2.5 bathroom and 2 car garages. Hardi board lap siding, Huntwood cabinets, Laminate floors on the main floor, carpet upstairs, stainless appliances and mini splits for HVAC. Rents in the area are approximately $2500-3000 per month. Completion date is estimated to be April/May of 2023. One building getting flooring and cabinets, will be completed April. Second building in sheetrock stage. Will work with your 1031 exchange. Sellers are licensed real estate agents in Washington state. Estimated Cap Rate to be 6.54%.
Sale Summary
Sold Price
$2,260,000
List Price
$2,400,000
Sale vs List
-6%
Close Date
Jun 15, 2023
Financing
Cash
Buyer's Agent
Karl Wilkinson
Property Details
Property Type
Rental
Year Built
2023
County
Spokane
Lot Size
0.61 acres
Living Area
10,800 sqft
Price / Sqft
$222
Garage
6-car
Total Parking
12 spaces
Schools
Elementary: West Valley, Middle: Centennial, High: West Valley
Days to Sell
75 days
MLS #
SAR202313101
Parcel #
45184.2103
Annual Taxes
$12,000
Total Building Area
10,800 sqft
MLS Area
A110/072
MLS Class
Rental Income
Listing Terms
Conventional, Cash
Road Frontage
City Street, Paved Road
Street Direction
E
MLS Status
Sold
Listed On
Mar 31, 2023
Went Pending
May 1, 2023
Status Changed
Jun 21, 2023
Last MLS Update
Jun 21, 2023
MLS Branch
178
School Information
Elementary
West Valley
Middle School
Centennial
High School
West Valley
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Heating
Appliances
Interior Features
Parking
Lot Features
Listed By
Samantha Dallas
Windermere Valley
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
Estimated Monthly Payment
$13,000/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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