Bought with Steve Jones
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11906 E Main Ave #11902 Spokane Valley, WA 99206
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Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Rental
Listing Status Sold
Purchase Type For Sale
Square Footage 5,412 sqft
Price per Sqft $92
MLS Listing ID 202210653
Sold Date 03/07/22
Style Rancher
Year Built 1953
Annual Tax Amount $4,476
Lot Size 0.880 Acres
Lot Dimensions 0.88
Property Sub-Type Rental
Property Description
Looking for an investment property with immediate upside? These two parcels must be sold together and include 3 traditionally built duplexes and 1 larger converted duplex. The smaller duplexes feature 1 bedroom and 1 bath on each side. One bedrooms in this area are so popular being they are walking distance to bus routes and shopping. All units are ground level with only 1 step for entry. Projected rents with light rehab is $995/mo. Owner has increased some rents to $875 in as-is condition. Washer and dryer has been added to 4/6 1 bedroom units as well. All flat roofs have recently been replaced and have tons of life on them. The single family home was converted into a duplex. The upstairs unit is a 4 bedroom 3 bathroom with appx 1200 sqft and includes an attached 1 car garage. The basement unit has separate entrance and is a 2 bed 1 bath with appx 1000 sqft. Zoning in this area is corridor mixed use for those who may want a value add opportunity. All units have either a carport or covered garage.
Location
State WA
County Spokane
Rooms
Basement See Remarks
Interior
Interior Features Utility Room
Heating Gas Hot Air Furnace, Electric, Forced Air
Fireplaces Type Woodburning Fireplce
Appliance Free-Standing Range, Refrigerator
Exterior
Parking Features Attached, Carport
Garage Spaces 3.0
Carport Spaces 5
Amenities Available Patio, None
View Y/N true
View City
Roof Type Composition Shingle
Total Parking Spaces 4260
Building
Lot Description Level
Story 1
Architectural Style Rancher
Structure Type Siding, Wood
Schools
Elementary Schools Opportunity
Middle Schools North Pines
High Schools University
School District Central Valley
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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