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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0BEDS
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1.75ACRES
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0BATHS
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01/2 BATHS
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9,259SQFT
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$138$/SQFT
School Information
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.
© 2023 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 2023-02-01T09:20:22.423.