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$1,100,000

5,700 sqft
1401 days
Rental|Built 1965
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

** Investor Alert!! ** Nice cash flow on this 8-unit apartment building that is just a half mile to the Gonzaga University campus. The two South end units have wood burning fireplaces, a few units have updated kitchen cabinets and tile in the kitchen and baths, one unit has new carpet and paint and another unit is being remodeled to a two-bedroom unit with laundry in the unit and will also have new paint and flooring. The four garages are for small cars only and used for storage. Two laundry rooms (one on each level) have coin operated laundry machines for a bit more income. See cash flow report in associated documents for unit rents. New roof in 2016! This one is going to sell quickly!

Sale Summary

Sold Price

$1,100,000

List Price

$1,100,000

Sale vs List

+0%

Close Date

Feb 17, 2023

Financing

Conventional

Buyer's Agent

Ryan Towner

Property Details

Property Type

Rental

Year Built

1965

County

Spokane

Lot Size

0.31 acres

Living Area

5,700 sqft

Price / Sqft

$193

Garage

4-car

Total Parking

16 spaces

Schools

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

Days to Sell

91 days

MLS #

SAR202225429

Parcel #

35084.2412

Annual Taxes

$5,543

Total Building Area

5,700 sqft

MLS Area

A340/025

MLS Class

Rental Income

Listing Terms

Conventional, Cash

Road Frontage

City Street, Paved Road

Street Direction

E

MLS Status

Sold

Listed On

Nov 17, 2022

Went Pending

Nov 29, 2022

Status Changed

Feb 17, 2023

Last MLS Update

Feb 23, 2023

MLS Branch

165

School Information

Elementary

Spokane Dist 81

Middle School

Shaw

High School

Lewis & Clark

Home Features & Details

Architectural Style

Traditional

Construction

Brick

Structure Type

Two Story

Roof

Composition

Basement

None

Heating

ElectricBaseboardRadiant Ceiling

Appliances

Free-Standing RangeRefrigerator

Interior Features

Alum Wn FrWindows VinylMulti Pn Wn

Fireplace Features

Woodburning Fireplce

Parking

AttachedGarage Door OpenerAlley Access

Lot Features

LevelOpen LotCity Bus (w/in 6 blks)

Listed By

Sabrina Jones-Schroeder

EXIT Real Estate Professionals

Estimated Monthly Payment

$5,958/mo

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

Property Highlights

Year Built1965
Square Footage5,700 sqft
Lot Size0.31 acres
Price / Sqft$193
StatusClosed

Location

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