$5,470/month in current gross rents! This 6-unit Spokane investment property generates approximately $65,640/year in gross rental income at the current rent roll. Unit mix includes three 1-bedroom/1-bath units, two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, providing six separate income streams and a diverse tenant mix. Offered at $539,000, thats under $90,000 per unit with an 8.21 gross rent multiplier. Property also includes a 3-car garage and sits on a corner lot in the Logan neighborhood near Gonzaga, downtown and area amenities. An opportunity to acquire an established multifamily property with substantial existing income and potential for future improvement.
Listed By
Agency Name: Deese Real Estate
Shown By
Agent Name: Terry Lipe
Agent Phone: (509) 999-7916
Agency Title: Coldwell Banker Tomlinson
Estimated Payment
$ 1,356.79 per month $1,199.58 Principal & Interest $0.00 Property Tax (data not provided by mls) $157.21 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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802 E Baldwin Ave | MLS# 202615914
This multi-family property located at 802 E Baldwin Ave, Spokane, WA 99207 is currently listed for sale with an asking price of $539,000. E Baldwin Ave is located within the Spokane Dist 81 school district. Search Spokane real estate on www.terrylipe.com today.