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$325,000

5,912 sqft
Rental|Built 1970
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

This 10 unit apartment complex features nine one-bedroom units and one two-bedroom unit with an on-site laundry and storage facility. This property has undergone numerous improvements recently including complete refurbishment of the roof, paint landscapping and other general improvements. Net operating income of $28,405 resulting in a Cap rate of 8.7%.

Sale Summary

Sold Price

$295,000

List Price

$325,000

Sale vs List

-9%

Close Date

Apr 3, 2012

Financing

Conventional

Buyer's Agent

Nick Grishko

Property Details

Property Type

Rental

Year Built

1970

County

Spokane

Lot Size

0.28 acres

Living Area

5,912 sqft

Price / Sqft

$55

Total Parking

14 spaces

Schools

Elementary: Spokane Dist 81, Middle: Glover, High: North Central

Days to Sell

637 days

MLS #

SAR201021748

Parcel #

25131.1205

Annual Taxes

$3,719

Total Building Area

5,912 sqft

MLS Area

A330/023

MLS Class

Rental Income

Listing Terms

Conventional, Cash, Commercial

Road Frontage

City Street, Paved Road

Street Direction

N

MLS Status

Sold

Listed On

Jul 5, 2010

Went Pending

Feb 16, 2012

Status Changed

Apr 4, 2012

Last MLS Update

Nov 21, 2024

MLS Branch

165

School Information

Elementary

Spokane Dist 81

Middle School

Glover

High School

North Central

Home Features & Details

Architectural Style

Other

Construction

Wood Siding

Structure Type

Two Story

Roof

Flat

Basement

SlabNone

Heating

ElectricBaseboard

Cooling

Window Unit(s)

Utilities

Cable Available

Appliances

Free-Standing RangeDishwasherRefrigerator

Interior Features

High Speed InternetPantryAlum Wn Fr

Parking

Off Site

Lot Features

Sprinkler - AutomaticTreedLevelCorner LotCity Bus (w/in 6 blks)Oversized Lot

Other Structures

Shed(s)

Listed By

Lee Marks

EXIT Real Estate Professionals

Estimated Monthly Payment

$1,760/mo

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

Property Highlights

Year Built1970
Square Footage5,912 sqft
Lot Size0.28 acres
Price / Sqft$55
StatusClosed

Location

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