Office Name : Home Sales Spokane

Residential Income For Sale

For Sale

125

$ 475,000

$123 / Sqft

1224 Celesta Ave, Spokane, Washington 99202

3 Bed

2 Bath

Built Year 1891

Property Type : Residential Income

Listing Type : For Sale

Listing ID : SAR202324472

Price : $475,000

Bedrooms : 3

Bathrooms : 2

Square Footage : 3,852 Sqft

Year Built : 1891

Lot Size : 0.29 Acre

Property Sub Type: Rental

Standard Status : Active

Country : US

State : WA

County : Spokane

City : Spokane

Zipcode : 99202

Street : Celesta

Street Number : 1224

Street Suffix : Ave

Floor Number : 0

Longitude : W118° 36' 30.8''

Latitude : N47° 39' 2.8''

Street Dir Prefix : E

Incredible duplex investment opportunity in the South Perry District in Spokane that features popular restaurants, breweries, shopping, & coffee shops! The floor plan is great for tenants w/ huge rooms, tons of storage space & quality finishes. Each unit also has its own garage & laundry hookups & is individually metered for electricity & natural gas. Unit A has 2 bedrooms & 1.5 bathrooms w/ a 2 car garage & Unit B has 1 bedroom plus an office, 1 bathroom, & a 1 car garage. This property is also ideal for future development or adding additional units to the oversized 0.29 Acre lot. The RMF zoning allows up to 8 units. There are multiple incentives for investment or redevelopment of this property including the Opportunity Zone, Multi-Family Tax Incentive (MFTE) through the City of Spokane, GFC waiver, & the New Market Tax Credit (NMTC). This is a great opportunity for investors to secure a solid cash flowing investment w/ potential to add more units in the future. Please do not disturb the tenants.

Heating System: Forced Air, Gas Hot Air Furnace

Basement: Partial, Walk-out Access, Partially Finished, Rec/family Area, Laundry

Roof Deck: Composition Shingle

Parking: 988

Appliances: Refrigerator, Free-standing Range

Fireplace: Gas

Garage Spaces : 2

Interior Features: Skylight(s), Wood Floor, Utility Room, Window Bay Bow

Lot Features: Corner Lot, Hillside

Parking Features: Garage Door Opener, Attached, Off Site