Bought with Jacob Radawick
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Key Details
Sold Price $988,500
Property Type Multi-Family
Sub Type Rental
Listing Status Sold
Purchase Type For Sale
Square Footage 5,850 sqft
Price per Sqft $168
MLS Listing ID 202514751
Style Contemporary
Year Built 1937
Annual Tax Amount $9,344
Lot Size 0.460 Acres
Property Sub-Type Rental
Property Description
INVESTORS should be interested in this 9-UNIT INCOME PROPERTY. Location is everything and this property is one mile or less from Gonzaga University, grocery stores, restaurants, pubs, parks, Centennial Trail, and more. This property consists of three side-by-side buildings, each with 3 units; and each with two 2 bedrooms and 1 bathroom and one 1 bedroom and 1 bathroom configurations. Each unit has its own unique floor plan. Most units have been refreshed with the changeover of tenants. There are three 3-car carports with newer roofs. And in March 2025 all three buildings' exteriors were refurbished and painted including adding a no-slip surface applied on the painted stairs. All 9 units are occupied. Monthly Gross Rents are $10,215. Owner pays Electricity & Gas ($199/mo); Water, Sewer & Garbage ($707/mo). New property management as of 1/1/25 have had a very positive impact on this property's operations and profitability. These three buildings may also be sold individually for $333,000 each.
Location
State WA
County Spokane
Interior
Heating Electric, Baseboard
Exterior
Parking Features Carport, Off Site
Amenities Available Laundry
View Y/N true
Roof Type Composition
Building
Lot Description Sprinkler - Automatic, Level, Corner Lot, Oversized Lot
Story 2
Structure Type Wood Siding
Schools
Elementary Schools Logan
Middle Schools Yasuhara
High Schools North Central
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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