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914 W Mansfield Ave

Spokane, WA 99205
  • $450,000
  • STATUS: Active
  • ON SITE: 100 Days
  • ID#: 202221826
UPDATED: 47 min ago
$450,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,000
    SQFT
  • $150
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1907
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

With a vacancy rate around 1% in Spokane, now is the time to invest in a centrally located, fully occupied fourplex with a great rental history! Rents have room for increase for a greater return and higher Cap Rate. Current NOI is $27,996; Cap rate 6.22%. Please DO NOT bother the tenants. Please write offers subject to a visual inspection. On site laundry in basement - Could install coin-op to increase income potential. Each unit has their own water heater and electric is all metered separately.

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© 2022 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2022-12-05T22:20:25.29.
www.embrace-realestate.com/homes/132505614
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914 W Mansfield Ave Spokane, WA 99205

  • Price: $450,000
  • Status: Active
  • On Site: 100 Days
  • Updated: 47 min ago
  • ID#: 202221826
0
Beds
0
Baths
0
½ Baths
0.14
Acres
3,000
SQFT
$150
$/SQFT
1907
Built
Neighborhood:
A330/019
County:
Spokane
Area:
A330/019
Elementary School:
Garfield
Middle School:
Glover
High School:
North Central
School District:
Spokane Dist 81
Property Description
With a vacancy rate around 1% in Spokane, now is the time to invest in a centrally located, fully occupied fourplex with a great rental history! Rents have room for increase for a greater return and higher Cap Rate. Current NOI is $27,996; Cap rate 6.22%. Please DO NOT bother the tenants. Please write offers subject to a visual inspection. On site laundry in basement - Could install coin-op to increase income potential. Each unit has their own water heater and electric is all metered separately.
Exterior Features

Architectural Style Craftsman Carport Spaces 0 Construction Materials Metal Parking Features Alley Access Parking Total 0 Road Frontage Type City StreetPaved Road Roof Composition Shingle

Interior Features

Appliances Free-Standing RangeRefrigeratorWasherDryer Basement FullPartially FinishedLaundryWalk-Out Access Heating ElectricBaseboard

Property Features

Additional Parcels YN Yes Association Amenities Laundry Building Area Total 3000 Listing Terms FhaVa LoanConventionalCash Property Sub Type Rental Structure Type Two Story Tax Annual Amount 3401 Water Sewer Expense 3600

Listing provided courtesy of Exp Realty, Llc: [IDXCONTACTINFORMATION].
© 2022 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2022-12-05T22:20:25.29.
 
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