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$3,050,000

15,296 sqft
725 days
Rental|Built 1993
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Absolute gem of a property in the heart of the Spokane Valley. All units include an in unit washer/dryer, range, refrigerator, dishwasher and a single car garage. Ample, uncovered off street parking is also available. Spacious, 2br/2ba units of which 12 of the 16 are ground floor units. Although well maintained, the units are not updated in any significant way and the roof is original. Market rents are approximately 40% higher than in place rents. Seller financing offer on approved credit. 20% down, 5.5% interest only payments for five years. See flyer in Associated docs for rents and expenses.

Sale Summary

Sold Price

$2,600,000

List Price

$3,050,000

Sale vs List

-15%

Close Date

Feb 21, 2025

Financing

Contract

Buyer's Agent

Jay Overholser

Property Details

Property Type

Rental

Year Built

1993

County

Spokane

Lot Size

1.35 acres

Living Area

15,296 sqft

Price / Sqft

$199

Schools

Elementary: Central Valley

Days to Sell

149 days

MLS #

SAR202423379

Parcel #

45164.0335

Annual Taxes

$27,360

Total Building Area

15,296 sqft

MLS Area

A110/070

MLS Class

Rental Income

Listing Terms

Owner Financing

Road Frontage

City Street, Paved Road

Street Direction

E

MLS Status

Sold

Listed On

Sep 24, 2024

Went Pending

Nov 13, 2024

Status Changed

Feb 28, 2025

Last MLS Update

Feb 28, 2025

MLS Branch

229

School Information

Elementary

Central Valley

Home Features & Details

Construction

Vinyl Siding

Structure Type

Two Story

Roof

Composition

Basement

Slab

Heating

ElectricDuctless

Cooling

Wall Unit(s)

Appliances

Free-Standing RangeDishwasherRefrigeratorWasherDryer

Patio & Porch

Patio

Parking

DetachedSlab

Lot Features

Fenced YardSprinkler - Automatic

Listed By

Jay Overholser

SDS Realty, Inc.

Estimated Monthly Payment

$16,521/mo

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

Property Highlights

Year Built1993
Square Footage15,296 sqft
Lot Size1.35 acres
Price / Sqft$199
StatusClosed

Location

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