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Rachel Krouse

rachel@krousehouserealty.com +1(509) 981-1881

Listed by Jessica Morales • EXIT Real Estate Professionals

$ 830,500

Est. payment | -/mo

4,309 SqFt

Save

$ 830,500

Est. payment | -/mo

Save

4,309 SqFt

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 4,309 sqft

Price per Sqft $192

MLS Listing ID 202622104

Style Colonial

Year Built 1905

Annual Tax Amount $7,227

Lot Size 6,098 Sqft

Lot Dimensions 0.14

Property Sub-Type Residential Income

Property Description

High-Yield Multifamily Opportunity in Spokane! This fully renovated 8-unit apartment building offers investors an exceptional 9.66% CAP Rate in a high-demand rental market. Every unit has been updated, significantly reducing immediate capital expenditure risk and supporting a "turn-key" ownership experience. The property's desirability is proven by its recent performance. Introducing a turnkey fully renovated, centrally located 8-unit multi-family nestled in the heart of Spokane. This historic property exudes old-world charm and presents an attravtive investment opportunity. With alley access , there's ample off-street parking, a significant asset in any urban setting. A shared laundry facility adds conveniece for residence and separately metered units allow for straightforward utility management. Its proximity to downtown and Kendall Yards makes it an attractive choice for those desiging central, vibrant living. Don't miss this opportunity to invest in a piece of Spokane's history with excellent return

Location

State WA

County Spokane

Rooms

Basement Full, Finished, Laundry

Interior

Interior Features Hot Water, High Speed Internet

Heating Electric, Ductless

Cooling Window Unit(s)

Appliance Gas Range, Refrigerator

Exterior

Parking Features Off Site, Alley Access

Utilities Available Cable Available

Amenities Available Laundry

View Y/N true

Roof Type Composition

Total Parking Spaces 10

Building

Lot Description Level

Story 2

Architectural Style Colonial

Structure Type Stone Veneer,Wood Siding

Schools

Elementary Schools Holmes

Middle Schools Yasuhara

High Schools North Central

School District Spokane Dist 81

Others

Acceptable Financing Conventional, Cash, Exchange, Commercial

Listing Terms Conventional, Cash, Exchange, Commercial

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(509) 981-1881

rachel@krousehouserealty.com

Amplify- 1311 N Washington Ste A, Spokane, Washington 99201, USA

1119 W Augusta Ave Spokane, WA 99205