Description
Spokane investment opportunity with great cash flow and even more potential! All 5 homes plus a shop are currently rented and generate a net income of $89,843 a year. PLUS, there is preliminary plat approval for additional building parcels. Leave the property as-is and generate income at a strong cap rate or develop this parcel out to its potential while still generating income. Property sits just at the edge of city limits on 1.75 acres near parks, shopping, bus stops and all amenities.
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10BEDS
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1.75ACRES
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6BATHS
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11/2 BATHS
School Information
Listing information ©2023 Northwest MLS. Listing courtesy of Keller Williams Realty Spokane.
Sold by .Description
Spokane investment opportunity with great cash flow and even more potential! All 5 homes plus a shop are currently rented and generate a net income of $89,843 a year. PLUS, there is preliminary plat approval for additional building parcels. Leave the property as-is and generate income at a strong cap rate or develop this parcel out to its potential while still generating income. Property sits just at the edge of city limits on 1.75 acres near parks, shopping, bus stops and all amenities.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-04-01T19:14:28.167. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-04-01T19:14:28.167. 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.