802 E Baldwin Ave, Spokane, WA 99207

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List Price
$539,000
Price Change
▼ $10,000 1786656773
MLS#
202615914
Status
ACTIVE
City
Spokane
Acres
0.16

Property Description

$5,470/month in current gross rents! This 6-unit Spokane investment property generates approximately $65,640/year in gross rental income at the current rent roll. Unit mix includes three 1-bedroom/1-bath units, two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, providing six separate income streams and a diverse tenant mix. Offered at $539,000, that's under $90,000 per unit with an 8.21 gross rent multiplier. Property also includes a 3-car garage and sits on a corner lot in the Logan neighborhood near Gonzaga, downtown and area amenities. An opportunity to acquire an established multifamily property with substantial existing income and potential for future improvement.

Additional Information

Year Built
1900
School District
Spokane Dist 81
Garage Spaces
3
Frontage
City Street, Paved Road
Area/Grid
NE Urban N I-90
MLS Area/Grid#
A340/025
Acres MOL
0.16
Lot Size
6,970
Basement
Full, Finished
Heating/Cooling
Natural Gas, Forced Air
Lot Information
Fenced Yard, Sprinkler - Automatic, Level, Corner Lot, City Bus (w/in 6 blks)

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Calculator source: Real Geeks

Listing courtesy of SARMLS / Deese Real Estate

Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.