2718 E 5th AveSpokane, WA 99202

Description

Investors, here’s an opportunity to add a well-maintained triplex with a solid rental history to your portfolio or house hack by living in the upstairs unit and renting out the lower 2 units to offset your costs! Situated near picturesque Underhill Park in Spokane, this property offers three comfortable 2-bedroom, 1-bath units, providing strong rental appeal and multiple income streams. One unit has been completely updated, while the property as a whole has a proven rental history and currently generates $3,750 per month. Each unit features its own gas forced-air furnace, allowing for individual heating control and helping provide efficient, reliable heating for tenants. Operating expenses include approximately $400 per month for water, sewer, and garbage, $50 per month for common-area electricity, and $3250 for insurance. The currently vacant upstairs unit creates a unique opportunity for an owner-occupant and with the 1 car garage in the back it gives the opportunity for you or additional income.

Property Information

Property type

Residential Income

Style

Victorian

Year built

1907

Living area

3,000 Sq Ft

Lot size

0.16 acres

Garage spaces

1

Days on market

1

MLS^® Listing#

202625404

Property Features

Interior

High Speed Internet · Pantry · Kitchen Island · In-Law Floorplan

Appliances

Free-Standing Range · Dishwasher · Refrigerator · Washer · Dryer

Heating

Electric · Baseboard · Ductless

Basement

Partial

Parking

Detached · Off Site · Alley Access

Fencing

Fenced

Lot features

Level

Construction

Wood Siding

Roof

Composition

Utilities

Cable Available

Parcel number

35211.4721

Schools

Elementary

Franklin

Middle

Chase

High

Lewis & Clark