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18222 E Sprague Ave, Spokane Valley, WA 99016

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Listing Type
Multi Family
Listing Status
active
40
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Transportation
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$500,000

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Home Details for 18222 E Sprague Ave
Price
$500,000
Type
Multi Family
Year Build
1924
Sq. Ft.
2186
Lot Size
0.39
County
Spokane
Basement
Finished, Walk-Out Access
MLS®️ Listing#
202514892
On exitrealty.com
144 days
Property Description
Turnkey Duplex in Spokane Valley’s CV district! This property features 4-bed/2-bath unit one side and a 1-bed/1-bath on the other ideal for owner-occupied investor. Updates include a 50-year roof w/ 25-year workmanship guarantee (transferable), fiber cement siding, paint, gutters, insulation (attic & basement), all-new electrical & panels, updated plumbing, 99% gas efficient furnaces, A/Cs, and water heaters for both sides. In 2021, the 4-bed unit was taken to the studs fully remodeled down. The 4-bed unit has quartz counters throughout, tile backsplash, LVP flooring, new bathroom, soft-close cabinets, a kitchen island, appliances, & cordless blinds. The 1-bed unit has newer flooring, a new shower, fresh paint, and a covered porch. The fenced yard is sectioned yard providing private spaces for each side, fully sprinkled. Oversized lot offers potential to subdivide, build, or add a shop/garage. Separate meters. Leases end 4/30/25. I have qualified tenants lined up to avoid any vacancy. Projected 7.33% CAP Rate
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Listing Courtesy: Windermere Liberty Lake - 509-340-8000
Listings courtesy of the Spokane Association of REALTORS® as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
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Market statistics compiled from data from Spokane Association of Realtors.
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EXIT REAL ESTATE PROFESSIONALS
1403 S. Grand Blvd, Suite 101 N, Spokane, WA 99203
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$500,000

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EXIT REAL ESTATE PROFESSIONALS
1403 S. Grand Blvd, Suite 101 N, Spokane, WA 99203
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