1423 N Post St, Spokane, WA 99201

$447,500 Active MLS® 202621003 Multi Family Home
ActiveMLS® 202621003
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1423 N Post St, Spokane, WA 99201 photo
Multi Family Home
MLS® 202621003
$447,500
1423 N Post St, Spokane, WA 99201
0.16 Acres 2,730 Sq.Ft. Built 1906
Description

Fully occupied 4-unit investment property just minutes from downtown Spokane and the Arena. Unit mix includes one studio, two 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, currently generating approximately $3,350/month ($40,200/year) in gross rent. All tenants are month-to-month and pay their own electric and heat, creating immediate flexibility for the next owner. Current rents offer potential upside as units turn or rents are adjusted, subject to applicable landlord-tenant laws. Property also includes a large 3-car garage with workshop space, alley access and additional income potential. Fresh exterior paint, 2,730 sq ft, four existing income streams and room to improve performance. A solid opportunity for an investor looking for existing cash flow with value-add potential.

Interior features
  • Additional features Workshop, Stge Shd
  • Basement description Full, Unfinished
  • Outbuildings Workshop, Stge Shd
  • Lot dimension 0.16
  • Lot description Fencing, Level
Exterior features
  • View Territorial
  • Outbuildings Workshop, Stge Shd
  • Lot dimension 0.16
  • Lot description Fencing, Level
  • Roofing materials Composition

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Location
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