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$625,000

771 days
Rental|Built 2002
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Four-unit investment property or perfect for multi-generational living? This recently updated property with a brand-new roof offers the ideal blend of updates and low-maintenance design. With few rental properties available on the South Hill, this four-plex offers a compelling investment opportunity with its updated features, excellent location, and strong rental potential, ideal for investors seeking to add value to their portfolio. This property is additionally well-appointed for the optimal use of multi-generational living. Each individual can enjoy their own private space while sharing common areas, which can be ideal for maintaining privacy and fostering independence. Just a short walk to local shopping, dining, and schools. The desirable location enhances rental demand and tenant retention. Units are currently vacant and prepared for immediate leasing or swift occupancy.

Sale Summary

Sold Price

$638,400

List Price

$625,000

Sale vs List

+2%

Close Date

Sep 23, 2024

Financing

Conventional

Buyer's Agent

Ryan Gustafson

Property Details

Property Type

Rental

Year Built

2002

Subdivision

Lincoln Heights

County

Spokane

Lot Size

0.3 acres

Garage

1-car

Total Parking

6 spaces

Schools

Elementary: Spokane Dist 81, Middle: Chase

Days to Sell

45 days

MLS #

SAR202421032

Parcel #

35273.1018

Annual Taxes

$4,036.05

MLS Area

A210/046

MLS Class

Rental Income

Listing Terms

FHA, VA Loan, Conventional, Cash

Road Frontage

City Street, Private Road

Street Direction

E

MLS Status

Sold

Listed On

Aug 8, 2024

Went Pending

Aug 13, 2024

Status Changed

Sep 23, 2024

Last MLS Update

Sep 23, 2024

MLS Branch

1070

School Information

Elementary

Spokane Dist 81

Middle School

Chase

Home Features & Details

Architectural Style

Contemporary

Construction

Siding

Structure Type

Two Story

Roof

Composition

Basement

None

Heating

Natural GasElectricRadiant Floor

Utilities

Cable Available

Appliances

Free-Standing RangeGas RangeDishwasherRefrigeratorWasherDryer

Interior Features

Hot WaterHigh Speed InternetWindows Vinyl

Views

Territorial

Parking

DetachedOff Site

Lot Features

Cross FncdLevel

Listed By

Thomas Curran

Tomlinson Sotheby's Intrntl RE

Estimated Monthly Payment

$3,385/mo

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

Property Highlights

Year Built2002
Lot Size0.3 acres
StatusClosed

Location

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