REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Dallas Lightner • LT Real Estate
$ 2,000,000
Est. payment | /mo
20,732 SqFt
$ 2,000,000
Est. payment | /mo
20,732 SqFt
Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 20,732 sqft
Price per Sqft $96
MLS Listing ID 202622775
Year Built 1913
Lot Size 7,840 Sqft
Lot Dimensions 0.18
Property Sub-Type Residential Income
Property Description
This 15-unit multifamily property is located on Spokane's desirable South Hill and features a mix of 12 one-bedroom units and 3 two-bedroom units. The 20,732 SF building was built in 1913 and offers 9 off-street parking stalls and on-site laundry. The property is offered at $2,000,000, or $133,333.33 per unit, with gross monthly income of $20,420.42, a reported NOI of $131,155.72, and a 6.56% cap rate.
Location
State WA
County Spokane
Rooms
Basement Full, Partial
Interior
Heating Natural Gas, Hot Water
Exterior
Parking Features Off Site
Amenities Available Laundry
View Y/N true
Roof Type Flat
Building
Story 3
Structure Type Brick
Schools
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
NEARBY SCHOOLS & PROPERTIES