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Spokane Fourplex

Spokane Fourplex

pending-2
8-9% Return

Spokane Fourplex

Offering around $330,000 will get you close to a 7-7.5% Cap subject to getting copies of financials.

The building was built in 1995 and has low deferred maintenance and remodeled in 2015.

It is in a good area that rents strong. Nice place.

Our agent likes it for $330,000

See listing for unit makeup.

Current rents are $2770 but could be higher. Projections were run at $735 per unit, which is what the highest unit rents for, for a total monthly income of $2940

Bottom Line: $88,275 initial investment for a potential monthly cash flow of $644.71 or a 8.76% ROI

Link to Listing: http://sar.paragonrels.com/publink/default.aspx?GUID=a01f9acb-b0b7-4a91-bda7-4805d88969a9&Report=Yes 

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Price:$349,000
Address:13231 E 31st CT
City:Spokane
State:WA
Zip Code:99216
MLS:201720389
Year Built:1995
Square Feet:3,072
Lot Square Feet:10,890
Bedrooms:8
Bathrooms:4
Half Bathrooms:4
Parking:Off Street Parking, Assigned Spots
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