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$350,000
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
About This Home
Incredible Investor Opportunity! Over .6 acres zoned R-4 in the Spokane Valley with an existing single family rental home that is currently occupied and paying rent. R-4 zoning allows for 10 units per acre giving an investor the possibility of building townhomes or even cottage housing, The rental home in the front offers an incredible amount of opportunity for developers. Keep the home in front generating income while building in the back or remove the home and develop the entire lot. You can even develop in phases keeping income from the rental home with plans to develop the front of the lot in the future. Located a block away from the elementary school, minutes from both Millwood and I-90, this is an investors dream. Do not disturb tenants. Showings with mutually accepted offer only.
Sale Summary
Sold Price
$312,000
List Price
$350,000
Sale vs List
-11%
Close Date
May 16, 2024
Financing
Cash
Buyer's Agent
Keith Riddle
Property Details
Property Type
Rental
Year Built
1946
County
Spokane
Lot Size
0.61 acres
Living Area
1,656 sqft
Price / Sqft
$211
Garage
1-car
Total Parking
485 spaces
Schools
Elementary: West Valley, Middle: Centennial, High: West Valley
Days to Sell
54 days
MLS #
SAR202413267
Parcel #
45173.0106
Total Building Area
1,656 sqft
MLS Area
A110/071
MLS Class
Rental Income
Listing Terms
Conventional, Cash, Owner Financing
Road Frontage
City Street, Paved Road
Street Direction
E
MLS Status
Sold
Listed On
Mar 22, 2024
Went Pending
Apr 10, 2024
Status Changed
Aug 16, 2024
Last MLS Update
Aug 17, 2024
MLS Branch
534
School Information
Elementary
West Valley
Middle School
Centennial
High School
West Valley
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Flooring
Heating
Parking
Lot Features
Listed By
Jessica Side
Realty One Group Eclipse
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
$1,896/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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