1423 N Post StSpokane, WA 99201
Spokane County
Description
Fully occupied 4-unit investment property just minutes from downtown Spokane and the Arena. Unit mix includes one studio, two 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, currently generating approximately $3,350/month ($40,200/year) in gross rent. All tenants are month-to-month and pay their own electric and heat, creating immediate flexibility for the next owner. Current rents offer potential upside as units turn or rents are adjusted, subject to applicable landlord-tenant laws. Property also includes a large 3-car garage with workshop space, alley access and additional income potential. Fresh exterior paint, 2,730 sq ft, four existing income streams and room to improve performance. A solid opportunity for an investor looking for existing cash flow with value-add potential.
Property Information
- Property type
- Residential Income
- Style
- Craftsman
- Year built
- 1906
- Living area
- 2,730 Sq Ft
- Lot size
- 0.16 acres
- Garage spaces
- 3
- Days on market
- 76
- MLS® Listing#
- 202621003
Property Features
- Appliances
- Free-Standing Range · Refrigerator · Washer · Dryer
- Heating
- Electric · Ductless
- Basement
- Full · Unfinished
- Parking
- Attached · Workshop in Garage · Off Site · Alley Access · Oversized
- Fencing
- Fenced
- Lot features
- Level
- Construction
- Vinyl Siding · Shake Siding
- Roof
- Composition
- Other structures
- Workshop
- Parcel number
- 35182.0702
Schools
- Elementary
- Garfield
- Middle
- Glover
- High
- North Central
Directions
MULTICLASS
Listing Courtesy: Deese Real Estate - 5092939291
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