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206-886-3986
Real Estate Company
1405 8th, Spokane, WA 99204
Courtesy of LT Real Estate
- $1,600,000
- 9,372
- SqFt
- List Price
- $1,600,000
- Status
- ACTIVE
- MLS#
- 26-10526
- Subtype
- Residential Income
- Style
- Multi Level
- Year Built
- 1962
- Living Area
- 9,372
- Lot Size
- 12,196
- Acres
- 0.28
- Subdivision
- N/A
- Neighborhood
- N/A
- MLS Area Major
- Washington Counties
Property Description
13-unit multifamily investment opportunity featuring 8 one-bedroom/one-bath units and 5 two-bedroom/one-bath units. The property generates $16,092.13 in Effective Gross Income and offers an on-site laundry facility, beautifully landscaped grounds, and a convenient location near restaurants, shopping, I-90, and Downtown Spokane. Investment highlights include a $114,247.54 NOI and a 7.14% cap rate, providing an attractive opportunity for investors seeking established rental income in a convenient Spokane location.
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Additional Information
- Taxes
- $16,415
- Property Description
- Multi Level
- Zoning
- RMF
- Heating
- Baseboard, Electric
- Roof
- Composition
- Foundation
- Concrete Perimeter
- School District
- Other
- View
- City