BEDS0
BATHS0
SQUARE FEET9,372
MLS#26-10526
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
13-unit multifamily investment opportunity featuring 8 one-bedroom/one-bath units and 5 two-bedroom/one-bath units. The property generates $16,092.13 in Effective Gross Income and offers an on-site laundry facility, beautifully landscaped grounds, and a convenient location near restaurants, shopping, I-90, and Downtown Spokane. Investment highlights include a $114,247.54 NOI and a 7.14% cap rate, providing an attractive opportunity for investors seeking established rental income in a convenient Spokane location.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Heating: Electric, Baseboard
Lot Size: 0.28 Acres
Roof Type: Composition
Taxes: $16,415
Year Built: 1962
Feature Descriptions
Exterior: Stone
Foundation: Concrete Perimeter
Foundation: Concrete Perimeter
Lot: Level
Lot Dimensions: 12297
Road: Paved
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: LT Real Estate
Shown By
Agent Name: Elizabeth Larsen
Agent Phone: (509) 951-4501
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 5,395.49 per month $3,560.91 Principal & Interest $1,367.92 Property Tax $466.67 Homeowner's InsuranceChange Payment Information
©2020 Coldwell Banker Real Estate LLC. All Rights Reserved.
Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated.
Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. ©2020 of the Spokane Association of REALTORS® MLS. All rights reserved.
Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated.
Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. ©2020 of the Spokane Association of REALTORS® MLS. All rights reserved.
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1405 W 8th Ave | MLS# 26-10526
This multi-family property located at 1405 W 8th Ave , Spokane, WA 99204 is currently listed for sale with an asking price of $1,600,000. Search Spokane real estate on elarsen.cbspokane.com today.