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$700,000

4,836 sqft
737 days
Rental|Built 1951
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Rare opportunity! This Triplex was built with owner occupant in mind. Located in a very desirable location, making it a perfect opportunity for an owner occupant investor, or rent all 3 for a great return on investment. The unique layout and design gives you a spacious, 3 bed 1 bath unit with large family room in basement with its own laundry. Unit 2 is a 3 bed 1 bath with long term happy tenants. Both of the main floor units have hardwood floors and gas radiant heat with central AC. In addition, they have their own garage with openers. Unit 3 is a one bedroom 1 bath with long term tenants. with cap rate of 5.7% return. There is a 4th unit potential with its own entrance to add to your already great income. It has been used as a VRBO rental as is. Needs kitchen and permanent heat source as well as some insulation and sheet rock to the ceiling for sound proofing. Could produce another $1200 a month. Occupied units can be shown after mutual acceptance. Convenient central location close to all amenities.

Sale Summary

Sold Price

$685,000

List Price

$700,000

Sale vs List

-2%

Close Date

Nov 15, 2024

Financing

Conventional

Buyer's Agent

Danny Pontius

Property Details

Property Type

Rental

Year Built

1951

County

Spokane

Lot Size

0.14 acres

Living Area

4,836 sqft

Price / Sqft

$145

Garage

3-car

Total Parking

1956 spaces

Schools

Elementary: Spokane Dist 81, Middle: Sac, High: Lewis & Clark

Days to Sell

64 days

MLS #

SAR202422830

Parcel #

351931401

Total Building Area

4,836 sqft

MLS Area

A220/040

MLS Class

Rental Income

Listing Terms

VA Loan, Conventional, Cash

Road Frontage

City Street

Street Direction

S

MLS Status

Sold

Listed On

Sep 11, 2024

Went Pending

Oct 15, 2024

Status Changed

Nov 15, 2024

Last MLS Update

Nov 15, 2024

MLS Branch

165

School Information

Elementary

Spokane Dist 81

Middle School

Sac

High School

Lewis & Clark

Home Features & Details

Architectural Style

Ranch

Construction

Brick VeneerCedar

Structure Type

One Story

Roof

Composition

Basement

FullPartially FinishedDaylightRec/Family AreaLaundryWalk-Out Access

Flooring

Wood

Windows

Wood Frames

Heating

Natural GasHot Water

Cooling

Central Air

Appliances

Free-Standing RangeDishwasherRefrigeratorWasherDryer

Interior Features

High Speed InternetNatural Woodwork

Fireplace Features

MasonryWoodburning Fireplce

Patio & Porch

Patio

Parking

DetachedGarage Door OpenerAlley Access

Lot Features

Sprinkler - AutomaticTreedCorner LotCity Bus (w/in 6 blks)

Listed By

Myah Allen

EXIT Real Estate Professionals

Estimated Monthly Payment

$3,792/mo

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

Property Highlights

Year Built1951
Square Footage4,836 sqft
Lot Size0.14 acres
Price / Sqft$145
StatusClosed

Location

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