Bought with Mike Helmberger
$510,000
$475,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
5410 N Lacey St Spokane, WA 99202
2,673 SqFt
Key Details
Sold Price $510,000
Property Type Multi-Family
Sub Type Rental
Listing Status Sold
Purchase Type For Sale
Square Footage 2,673 sqft
Price per Sqft $190
MLS Listing ID 202317259
Sold Date 07/26/23
Style Rancher
Year Built 1972
Annual Tax Amount $4,136
Lot Size 9,147 Sqft
Lot Dimensions 0.21
Property Description
Introducing a fantastic opportunity in Spokane! This fully occupied 4-plex is a prime income-producing property. Entire building is leased by one tenant who pays all utilities, maintenance and management fees. Seller’s only responsible for property tax and insurance. Tenant has been leasing the building since prior to 2014 and would love to remain long term. This property offers convenient access to amenities, schools, and transportation. At the current rent rate, property boast a 5.87% CAP rate and is truly passive. Don't miss out on this turnkey income generator!
Location
State WA
County Spokane
Rooms
Basement Crawl Space
Interior
Interior Features Utility Room
Heating Electric, Baseboard
Appliance Built-In Range/Oven, Refrigerator, Washer, Dryer
Exterior
Garage Carport
Carport Spaces 4
Amenities Available Laundry
View Y/N true
Roof Type Composition Shingle
Total Parking Spaces 6
Building
Lot Description Level
Story 1
Architectural Style Rancher
Structure Type Stone
Schools
Elementary Schools Regal
Middle Schools Shaw
High Schools Rogers
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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