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Listed by Billy Deese • Deese Real Estate
$ 445,000
Est. payment | /mo
6,534 Sqft Lot
$ 445,000
Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202620014
Style Traditional
Year Built 1948
Lot Size 6,534 Sqft
Lot Dimensions 0.15
Property Sub-Type Residential Income
Property Description
Fully occupied fourplex generating $2,950 per month in gross rental income. The unit mix includes one 2-bedroom unit and three 1-bedroom units, with current rents of $1,200, $700, $525, and $525 per month. This is an excellent opportunity for investors seeking immediate cash flow with additional upside through improved management, property improvements, and future rent increases, or by adding a 5th unit. The property is fully tenant occupied, providing income from day one. Whether you're an experienced investor looking for your next value-add project or someone looking to grow a rental portfolio, this property offers the chance to increase long-term returns while generating income from the start. Entire, 4 property portfolio available as a package.
Location
State WA
County Spokane
Rooms
Basement Full, Finished
Interior
Heating Natural Gas, Electric, Forced Air, Baseboard
Appliance Free-Standing Range, Refrigerator
Exterior
Parking Features None
Amenities Available None
View Y/N true
View Territorial
Roof Type Composition
Building
Lot Description Fencing, Level
Architectural Style Traditional
Structure Type Masonite
Schools
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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