Well-maintained 8-unit investment opportunity consisting of two 4-plexes on separate residential parcels, offering the possibility of residential financing with more favorable terms than typical commercial loans, subject to buyers lender. Each unit features a spacious 2 bed / 1 bath layout of approximately 1000 SF with washer/dryer hookups?larger than typical Spokane rentals?supporting strong tenant demand and retention. Property has been carefully self-managed with excellent upkeep and a stable tenant base with consistent payment history. Recent improvements include multiple newer water heaters and washer/dryer units. In-place rents provide solid cash flow with clear upside through light interior updates; comparable renovated units are achieving ~$1,450?$1,550/mo. One unit has been left intentionally vacant for owner-occupancy or immediate lease-up at market rent. A well-performing, stabilized asset with consistent operations and a straightforward value-add opportunity in a high-dema
Listed By
Agency Name: The Hornberger Group, LLC
Shown By
Agency Title: Coldwell Banker Tomlinson
Agency Phone: (509) 467-7400
Estimated Payment
$ 4,479.01 per month $3,004.51 Principal & Interest $1,080.75 Property Tax $393.75 Homeowner's Insurance
3222-3224 N Madison St | MLS# 202615565
This multi-family property located at 3222-3224 N Madison St, Spokane, WA 99205 is currently listed for sale with an asking price of $1,350,000. 3222-3224 N Madison St is located within the Spokane Dist 81 school district. Search Spokane real estate on www.cbspokane.com today.