Investor opportunity with immediate upside potential. This fourplex features four spacious 2 bed, 1 bath units, each offering approximately 784 square feet of living space. Currently 50% occupied, the property presents a value-add opportunity through lease-up and rent stabilization, making it an attractive option for investors seeking increased cash flow and long-term appreciation. Existing rents range from $1,045 to $1,097 per month, with potential to bring rents in line with current market rates. Recent maintenance and turnover improvements position the next owner to capitalize on increased occupancy and operational efficiency. Conveniently located near downtown Spokane, major employers, public transportation, shopping, dining, and everyday amenities. Ideal for investors looking to expand their portfolio or complete a 1031 exchange while adding a property with strong income potential and room for growth.
Listing courtesy of SARMLS / Coldwell Banker Tomlinson
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.
