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$1,300,000

10,500 sqft
742 days
Rental|Built 1960
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

This 6-plex consists of 3 duplexes on two parcels. Each unit contains 4 bedrooms & 2 baths w/ an eat-in kitchen, a good-sized living room on the main floor, & a large family room in the lower level. Appliances in each unit include a stove, refrigerator, plus a washer & dryer. They are centrally located in the heart of Medical Lake & offer a lot of amenities to residents. Gas forced air heat, gas hot water, 1,750 sqft of living area, full size washer/dryer & ample off-street parking. The current owner has replaced many windows w/ vinyl, there are hardwood floors under the carpet & overall, the property is well maintained. Fantastic rental history w/ tenants commuting from work at the EWU in Cheney, Airway Heights, Amazon Distribution Center & personnel from Fairchild Air Force Base! These will be perfect assets for your rental portfolio w/the opportunity for rents to grow. Current market rents allow for some improvement in rents. Currently there is one available unit to see while it is being renovated.

Sale Summary

Sold Price

$1,220,000

List Price

$1,300,000

Sale vs List

-6%

Close Date

Jan 23, 2025

Financing

Other

Buyer's Agent

MISC MISC

Property Details

Property Type

Rental

Year Built

1960

County

Spokane

Lot Size

0.44 acres

Living Area

10,500 sqft

Price / Sqft

$124

Total Parking

14 spaces

Schools

Elementary: Medical Lake, Middle: Medical Lake, High: Medical Lk

Days to Sell

138 days

MLS #

SAR202422528

Parcel #

14181.4110

Annual Taxes

$8,977

Total Building Area

10,500 sqft

MLS Area

A420/095

MLS Class

Rental Income

Listing Terms

Conventional, Cash

Road Frontage

City Street, Paved Road

Street Direction

N

MLS Status

Sold

Listed On

Sep 6, 2024

Went Pending

Nov 10, 2024

Status Changed

Jan 24, 2025

Last MLS Update

Jan 25, 2025

MLS Branch

328

School Information

Elementary

Medical Lake

Middle School

Medical Lake

High School

Medical Lk

Home Features & Details

Construction

Masonite

Structure Type

TownhouseOne Story

Roof

Composition

Basement

FullFinishedRec/Family AreaLaundry

Flooring

Wood

Windows

Wood Frames

Heating

Natural GasForced Air

Appliances

Free-Standing RangeRefrigeratorWasherDryer

Interior Features

Hot WaterAlum Wn FrWindows Vinyl

Parking

Off SiteAlley Access

Lot Features

LevelCorner LotOversized Lot

Listed By

Jonathan Bich

Coldwell Banker Tomlinson

Estimated Monthly Payment

$7,042/mo

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

Property Highlights

Year Built1960
Square Footage10,500 sqft
Lot Size0.44 acres
Price / Sqft$124
StatusClosed

Location

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