HIGHLIGHTS
- Residential Financing – Lower down payments, longer amortization periods, and faster closings compared to typical commercial loans.
- Two month to month leases create the potential for owner occupied financing with as little as 5% down
- Prime South Hill Location – Desirable Rockwood neighborhood near Manito Park, shopping, dining, downtown Spokane, and major employers.
- Recent Updates – Recent improvements include LVP flooring, updated kitchen cabinets, landscaping, and in unit laundry.
- Proven Rental Upside – Well maintained property with covered carports, on site storage, straightforward management, and proven upside in rents.
OVERVIEW
SVN Cornerstone is pleased to present the 29th Ave Fourplex for sale located at 2327 E 29th Ave in Spokane's desirable Rockwood neighborhood. The property consists of four residential units and features numerous recent improvements, including new LVP flooring in three units, updated kitchen cabinets in two units, in unit laundry in two units, and enhanced landscaping. The property offers investors a well maintained asset in one of Spokane's most established neighborhoods with strong rental demand and excellent long term investment potential.
FOR SALE DETAILS
PRICE
$685,000 USD
PRICE/SF
$195 USD /SF
# OF UNITS
4
PRICE/UNIT
$171,250
CAP RATE
5.2%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
29th Ave Fourplex
PROPERTY TYPE
Multi-Family
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1978
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
RMF
APN/PARCEL ID
35284.0184
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509-496-6922
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