13-unit multifamily investment opportunity featuring 8 one-bedroom/one-bath units and 5 two-bedroom/one-bath units. The property generates $16,092.13 in Effective Gross Income and offers an on-site laundry facility, beautifully landscaped grounds, and a convenient location near restaurants, shopping, I-90, and Downtown Spokane. Investment highlights include a $114,247.54 NOI and a 7.14% cap rate, providing an attractive opportunity for investors seeking established rental income in a convenient Spokane location.
Listed By
Agency Name: LT Real Estate
Shown By
Agent Name: Steve Ranniger
Agent Phone: (509) 499-0662
Agency Title: Coldwell Banker Tomlinson
Estimated Payment
$ 5,395.49 per month $3,560.91 Principal & Interest $1,367.92 Property Tax $466.67 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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1405 W 8th Ave | MLS# 26-10526
This multi-family property located at 1405 W 8th Ave , Spokane, WA 99204 is currently listed for sale with an asking price of $1,600,000. Search Spokane real estate on sranniger.cbspokane.com today.