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$824,900

4,740 sqft
931 days
Rental|Built 1911
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Stunning Craftsman triplex close to Cannon Park and Rocket Bakery is absolutely turn-key for the investor or owner-occupied investor. Each unit has an appealing floor plan and comes fully furnished. Add that to its proximity to two major hospitals, downtown Spokane, and easy access to the freeway, this property is a tenant favorite and has low vacancy rates. Not a flip, this beautiful triplex combines the charm of turn-of-the-century craftsmanship with quality modern updates including almost $300,000 in renovations. Updated electrical & plumbing, custom kitchens, hand textured walls, new bathrooms, new flooring, HE gas furnace & AC, doors & trim, hardware, lighting. Far too many improvements to mention here. Units 1 and 2 are spacious 2 bedroom apartments & Unit 3 is a lovely 1 bedroom. Individual storage units & common laundry are in the basement. All units have separate electrical meters. Paver patio. 2 car garage. Bike shed. Nearly 7% cap rate with no deferred maintenance!

Sale Summary

Sold Price

$830,000

List Price

$824,900

Sale vs List

+1%

Close Date

Apr 25, 2024

Financing

Conventional

Buyer's Agent

Scott Heyamoto

Property Details

Property Type

Rental

Year Built

1911

County

Spokane

Lot Size

0.14 acres

Living Area

4,740 sqft

Price / Sqft

$174

Garage

1-car

Total Parking

1980 spaces

Schools

Elementary: Spokane Dist 81

Days to Sell

54 days

MLS #

SAR202412370

Parcel #

35193.2203

Annual Taxes

$5,049

Total Building Area

4,740 sqft

MLS Area

A220/040

MLS Class

Rental Income

Listing Terms

Conventional, Cash

Road Frontage

City Street, Paved Road

Street Direction

W

MLS Status

Sold

Listed On

Mar 1, 2024

Went Pending

Mar 26, 2024

Status Changed

Apr 26, 2024

Last MLS Update

Apr 27, 2024

MLS Branch

227

School Information

Elementary

Spokane Dist 81

Home Features & Details

Architectural Style

Craftsman

Construction

Wood Siding

Structure Type

Three Story

Roof

Composition

Basement

FullUnfinishedLaundry

Flooring

Wood

Windows

Bay Window(s)Wood Frames

Heating

Natural GasElectricForced AirBaseboardDuctlessHumidity Control

Cooling

Central AirWindow Unit(s)

Utilities

Cable Available

Appliances

Free-Standing RangeDishwasherRefrigeratorMicrowaveWasherDryerHard Surface Counters

Interior Features

Hot WaterHigh Speed InternetPantryWindows Vinyl

Patio & Porch

DeckPatio

Parking

DetachedSlabGarage Door OpenerAlley Access

Lot Features

Sprinkler - AutomaticTreed

Other Structures

Shed(s)

Listed By

Dyer Davis

Windermere North

Estimated Monthly Payment

$4,468/mo

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

Property Highlights

Year Built1911
Square Footage4,740 sqft
Lot Size0.14 acres
Price / Sqft$174
StatusClosed

Location

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