Bought with Kidder Mathews
$880,000
$895,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
6,000 SqFt
SOLD DATE : 04/26/2024
Key Details
Sold Price $880,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $146
Subdivision Spokane
MLS Listing ID 2209356
Sold Date 04/26/24
Style 56 - 10+ Units
Year Built 1905
Annual Tax Amount $7,304
Lot Size 7,100 Sqft
Lot Dimensions 7100
Property Description
Great 15 bedroom student rooming house opportunity. Located in Spokane’s highly desired University District with majority of building systems updated or replaced. Situated just two blocks from Gonzaga University and within 1-mile of 6 higher education institutions, investors are well positioned to take advantage of Spokane’s growing student rental demand. Being one of the largest rooming houses in the University District, buyers will have multiple renting & leasing options including renting the building on a group lease, renting rooms individually, or renting the building as an Airbnb. The building is currently vacant, giving buyers the opportunity to fill and rent before the 24 school year. FINANCIALS ARE PROFORMA
Location
State WA
County Spokane
Area 561 - Spokane County
Interior
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Patio
Waterfront No
View Y/N Yes
View City, Mountain(s)
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Spokane
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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