Property Type : Residential Income
Listing Type : For Sale
Listing ID : SAR202322117
Price : $640,000
Bedrooms : 6
Bathrooms : 4
Square Footage : 2,996 Sqft
Year Built : 1953
Lot Size : 0.32 Acre
Property Sub Type: Rental
Standard Status : Active
Country : US
State : WA
County : Spokane
City : Spokane Valley
Zipcode : 99212
Street : Lily
Street Number : 2121
Street Suffix : Rd
Floor Number : 0
Longitude : W118° 41' 30.4''
Latitude : N47° 40' 35.6''
Street Dir Prefix : N
Incredible opportunity to own a 6-unit rental property with great CAP Rate! All rents have not been increased in years. Projected market rent rates between $5,650 and $5,850 in the current condition of the property. At market rent rates, the CAP rate is 6.20%!! Building has 1- 3bed/1bath unit with large basement, 1 - 2bed/1bath unit, and 4 - 1bed/1bath units. This property has multiple recently updated units, ample storage, and designated off-street parking for tenants and their guests. Pick this investment up now before rates come down and investment property prices jump up!
Heating System: Forced Air, Electric, Gas Hot Air Furnace
Basement: Partial, Unfinished, Walk-out Access, Workshop, See Remarks
Roof Deck: Composition Shingle
Parking: 6
Appliances: Refrigerator, Dishwasher, Free-standing Range
Architectural Style: Rancher
Garages : 0
Garage Spaces : 0
Interior Features: Alum Wn Fr
Lot Features: Level, Sprinkler - Automatic
Parking Features: Assigned, Off Site, Shared Driveway
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