Bought with Jay Overholser
$1,034,000
$1,100,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
3,280 SqFt
SOLD DATE : 02/12/2025
Key Details
Sold Price $1,034,000
Property Type Multi-Family
Sub Type Rental
Listing Status Sold
Purchase Type For Sale
Square Footage 3,280 sqft
Price per Sqft $315
MLS Listing ID 202425036
Sold Date 02/12/25
Year Built 1949
Annual Tax Amount $2,599
Lot Size 3.000 Acres
Lot Dimensions 3
Property Sub-Type Rental
Property Description
Completely updated mid century modern six unit apartment with views overlooking the downtown Spokane skyline! 2 - 2br/1ba and 4 - studio units. Currently leased as furnished rentals, it is set up as an ideal Airbnb for an owner/operator or conversion to non furnished apartment rentals. Each unit has LVP flooring, new cabinets and appliances and an in unit washer/dryer. Additionally, the lower level has a storage/laundry room suitable for Airbnb janitorial and there are seven new garages below the units. Current rents in the proforma are estimated, unfurnished rental rates. Current furnished rents range from $1,400 - $,2000/m. Unfurnished rent comparisons are below the new 508 West property that was redeveloped at 6th Ave and Stevens Street. The existing furnishings could be negotiated to purchase or removed prior to closing. (subject to existing tenancies)
Location
State WA
County Spokane
Rooms
Basement Daylight
Interior
Heating Electric, Ductless
Appliance Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
Exterior
Parking Features Detached
Garage Spaces 7.0
Amenities Available None
View Y/N true
View City
Roof Type Flat
Building
Lot Description Views, Sprinkler - Automatic, Hillside, Corner Lot, Fencing
Story 2
Structure Type See Remarks
Schools
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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