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Listed by Derek Raivio • LT Real Estate
$ 755,000
Est. payment | /mo
6,098 Sqft Lot
$ 755,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202617284
Year Built 2009
Lot Size 6,098 Sqft
Lot Dimensions 0.14
Property Sub-Type Residential Income
Property Description
Investor or owner-occupant opportunity featuring a centrally located fourplex with strong rental history and modern finishes throughout. Offering excellent income potential and long-term appeal. Each unit features approximately 1,100 SF with open-concept layouts, 9-foot ceilings, 2 bedrooms, and 1.5 bathrooms. Interior finishes include LVP flooring, updated cabinetry, stainless steel appliances, modern fixtures, in-unit laundry, and updated windows. Off-street parking adds additional convenience for tenants and owners alike. With attractive floor plans, newer construction, and consistent rental performance, this property presents an excellent opportunity for investors or owner-occupants. Gross Monthly Income: $5,650. NOI: $52,654.70. Cap Rate: 7%. Potential to package 1511-1517 W Euclid Ave and 8705 N Colton St for expanded investment opportunity.
Location
State WA
County Spokane
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features Off Site
Amenities Available None
View Y/N true
Roof Type Composition
Building
Structure Type Vinyl Siding
Schools
Elementary Schools Garfield
Middle Schools Yasuhara
High Schools North Central
School District Spokane Dist 81
Others
Acceptable Financing FHA, Conventional, Cash
Listing Terms FHA, Conventional, Cash
Nearby Schools & Businesses
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RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634