HIGHLIGHTS
- Qualifies for residential financing with lower down payment options & favorable loan terms, increasing accessibility & overall return potenial
- Current rents are below market with the ability to increase to approximately $1,350, providing immediate income growth potential
- Duplex units combined with additional storage units provide multiple sources of income and reduced vacancy risk
- Situated in a desirable Spokane location with access to employment, schools, & amenities, supporting consistent rental demand and long term stability
- New roof in 2022 and updated heaters help reduce near term capital expenditures and improve operational stability
FOR SALE DETAILS
PRICE
$425,000 USD
PRICE/SF
$124 USD /SF
# OF UNITS
2
PRICE/UNIT
$212,500
CAP RATE
4.69%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hogan Duplex and Storage Units
PROPERTY TYPE
Multi-Family
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.23 AC
LAND SF
10,019 SF
ZONING
RMF
APN/PARCEL ID
35092.0606
ASK ABOUT THIS PROPERTY
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509-496-6922
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509-496-6922
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