BEDS0
BATHS
MLS#202617285
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMead
Property Description
Exceptional investor or owner-occupant opportunity featuring a well-maintained fourplex in North Spokane within the desirable Mead School District. With strong rental history and quality updates throughout, this property offers excellent income potential and long-term value. Each unit features just under 1,000 SF with 2 bedrooms, 2 bathrooms, including a primary suite, plus LVP flooring, updated cabinetry, stainless steel appliances, updated vinyl windows, in-unit laundry, and individual A/C units. Residents also enjoy private balconies or porches, off-street parking, and detached garages for added convenience and income potential. Gross Monthly Income: $5,360. NOI: $51,453.83. Cap Rate: 7.1%. Potential to package 803 W Knox Ave and 1511-1517 W Euclid Ave for expanded investment opportunity.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Garage: 1
Lot Size: 0.21 Acres
Roof Type: Composition
Year Built: 1981
Feature Descriptions
Association Amenities: None
Exterior: Masonite
Heating/Cooling: Electric, Baseboard
Parcel#: 36202.0711
Parking: Detached, Off Site
Local Schools
High School: Mt Spokane
Middle School: Mountainside
Elementary School: Shiloh
School District: Mead
Listed By / Shown By
Listed By
Agency Name: LT Real Estate
Shown By
Agency Title: Coldwell Banker Tomlinson
Agency Phone: (509) 467-7400
Estimate Your Payment
Estimated Payment
$ 1,824.99 per month $1,613.54 Principal & Interest $0.00 Property Tax (data not provided by mls) $211.46 Homeowner's Insurance
8705 N Colton St | MLS# 202617285
This multi-family property located at 8705 N Colton St, Spokane, WA 99218 is currently listed for sale with an asking price of $725,000. N Colton St is located within the Mead school district. Search Spokane real estate on www.cbspokane.com today.