Bought with Danny Pontius
$685,000
$700,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
4,836 SqFt
SOLD DATE : 11/15/2024
Key Details
Sold Price $685,000
Property Type Multi-Family
Sub Type Rental
Listing Status Sold
Purchase Type For Sale
Square Footage 4,836 sqft
Price per Sqft $141
MLS Listing ID 202422830
Sold Date 11/15/24
Style Rancher
Year Built 1951
Lot Size 6,098 Sqft
Lot Dimensions 0.14
Property Sub-Type Rental
Property Description
Rare opportunity! This Triplex was built with owner occupant in mind. Located in a very desirable location, making it a perfect opportunity for an owner occupant investor, or rent all 3 for a great return on investment. The unique layout and design gives you a spacious, 3 bed 1 bath unit with large family room in basement with its own laundry. Unit 2 is a 3 bed 1 bath with long term happy tenants. Both of the main floor units have hardwood floors and gas radiant heat with central AC. In addition, they have their own garage with openers. Unit 3 is a one bedroom 1 bath with long term tenants. with cap rate of 5.7% return. There is a 4th unit potential with its own entrance to add to your already great income. It has been used as a VRBO rental as is. Needs kitchen and permanent heat source as well as some insulation and sheet rock to the ceiling for sound proofing. Could produce another $1200 a month. Occupied units can be shown after mutual acceptance. Convenient central location close to all amenities.
Location
State WA
County Spokane
Rooms
Basement Full, Partially Finished, Daylight, Rec/Family Area, Laundry, Walk-Out Access
Interior
Interior Features Wood Floor, Natural Woodwork, Windows Wood
Heating Gas Hot Air Furnace, Hot Water
Cooling Central Air
Fireplaces Type Masonry, Woodburning Fireplce
Appliance Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
Exterior
Parking Features Detached, Garage Door Opener, Alley Access
Garage Spaces 3.0
Amenities Available Patio, High Speed Internet, Laundry
View Y/N true
Roof Type Composition Shingle
Total Parking Spaces 1956
Building
Lot Description Sprinkler - Automatic, Treed, Corner Lot, City Bus (w/in 6 blks)
Architectural Style Rancher
Structure Type Brick Partial,Cedar
Schools
Elementary Schools Roosevelt
Middle Schools Sac
High Schools Lewis & Clark
School District Spokane Dist 81
Others
Acceptable Financing VA Loan, Conventional, Cash
Listing Terms VA Loan, Conventional, Cash
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