Description
4-Plex with commercial potential. Central city location; 1/2 block west of Division & Bridgeport and on main bus route. 2 units are 1BR/1 BA and 2 are 2BR/1 BA. 3 of 4 units rented. Upper unit #2 remains vacant for showing purposes (2BR/1BA) and has had recent new paint & flooring installed. Rents effective as of 6/1/22 will be: $700 for 1BR/1BA units, $1000 for lower unit #3 (2BR/1BA), and $1,100 estimated for vacant Unit 2 (nicer 2BR/1BA unit; has W/D/hookups). Property has had long-term tenants/steady income (even through COVID)! Exterior storage areas and off-street parking/parking lot at rear of complex. Wonderful opportunity for owner occupancy while earning income; possible 203K potential. Some deferred maintenance needed; excellent investment with upside potential. Seller selling as-is; cannot build for this price. https://www.homesnap.com/WA/Spokane/16-W-Gray-Court?bookshowing
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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3,136SQFT
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$150$/SQFT
Description
4-Plex with commercial potential. Central city location; 1/2 block west of Division & Bridgeport and on main bus route. 2 units are 1BR/1 BA and 2 are 2BR/1 BA. 3 of 4 units rented. Upper unit #2 remains vacant for showing purposes (2BR/1BA) and has had recent new paint & flooring installed. Rents effective as of 6/1/22 will be: $700 for 1BR/1BA units, $1000 for lower unit #3 (2BR/1BA), and $1,100 estimated for vacant Unit 2 (nicer 2BR/1BA unit; has W/D/hookups). Property has had long-term tenants/steady income (even through COVID)! Exterior storage areas and off-street parking/parking lot at rear of complex. Wonderful opportunity for owner occupancy while earning income; possible 203K potential. Some deferred maintenance needed; excellent investment with upside potential. Seller selling as-is; cannot build for this price. https://www.homesnap.com/WA/Spokane/16-W-Gray-Court?bookshowing