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$559,000

3,324 sqft
914 days
Rental|Built 1906
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Welcome to your next investment opportunity nestled in the heart of Spokane – a charming triplex, yielding nearly a 6.5% cap rate, boasting a rich history of great tenants. Situated in the coveted south hill, this triplex offers convenience and accessibility to all that Spokane has to offer. With its great rental history and 100% occupancy rate, you're stepping into a lucrative venture from day one. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a stable income stream, this triplex presents an unparalleled opportunity to grow your portfolio. From refreshed interiors to upgraded amenities, this triplex won’t disappoint. Parking is no problem with the added 3 stall garage with openers in addition to off-street parking.

Sale Summary

Sold Price

$560,000

List Price

$559,000

Sale vs List

+0%

Close Date

Apr 23, 2024

Financing

Conventional

Buyer's Agent

Rebecca Ruark

Property Details

Property Type

Rental

Year Built

1906

Subdivision

Cannons Add

County

Spokane

Lot Size

0.16 acres

Living Area

3,324 sqft

Price / Sqft

$168

Garage

3-car

Schools

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

Days to Sell

35 days

MLS #

SAR202413070

Parcel #

25244.3609

Annual Taxes

$4,779.85

Total Building Area

3,324 sqft

MLS Area

A220/040

MLS Class

Rental Income

Listing Terms

Conventional, Cash, Exchange

Road Frontage

City Street, Paved Road

Street Direction

W

MLS Status

Sold

Listed On

Mar 18, 2024

Went Pending

Mar 22, 2024

Status Changed

Apr 24, 2024

Last MLS Update

Apr 26, 2024

MLS Branch

1195

School Information

Elementary

Spokane Dist 81

Middle School

SAC

High School

Lewis & Clark

Home Features & Details

Architectural Style

Tudor

Construction

Wood Siding

Structure Type

Two Story

Roof

Composition

Basement

FullPartialLaundryWalk-Out Access

Heating

Natural GasElectricOilBaseboard

Appliances

Free-Standing RangeDishwasherWasherDryer

Fireplace Features

Masonry

Views

Territorial

Parking

DetachedWorkshop in GarageOversized

Lot Features

Fenced YardTreedLevelOversized Lot

Other Structures

Workshop

Listed By

Patrick Libey

Avalon 24 Real Estate

Estimated Monthly Payment

$3,028/mo

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

Property Highlights

Year Built1906
Square Footage3,324 sqft
Lot Size0.16 acres
Price / Sqft$168
StatusClosed

Location

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