$1,250,000
Elegant Multifamily Property With Upgraded Curb Appeal
- 4,560 Sqft
- Updated: Today
- MLS#202619013
About the Property
Turnkey four-unit multifamily investment opportunity featuring two duplexes on separate parcels. Each of the four units offers a spacious three-bedroom, two-bath floor plan designed for strong tenant appeal and long-term rental demand. Recent capital improvements include new roofs on both residential buildings and all garages, plus new walkways, stairwells, and four private decks, reducing future
Turnkey four-unit multifamily investment opportunity featuring two duplexes on separate parcels. Each of the four units offers a spacious three-bedroom, two-bath floor plan designed for strong tenant appeal and long-term rental demand. Recent capital improvements include new roofs on both residential buildings and all garages, plus new walkways, stairwells, and four private decks, reducing future maintenance costs while enhancing curb appeal and tenant enjoyment. 3 units are currently occupied by long-term tenants, providing immediate cash flow. Current rents are below market, offering investors a clear opportunity to increase income and improve returns over time. A standout feature is the assumable loan with a 5.5% interest rate fixed for 5 years and no assumption fee—a rare financing advantage in today’s market. With stable occupancy, major upgrades, rental upside, and attractive financing, this property is an excellent opportunity for investors seeking strong cash flow and long-term growth potential!
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Property type
House
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Year built
1977
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Price/sqft
$274
Features
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1225 E 29th Ave 1301 E 29th Ave Spokane WA 99203-3219, Washington, United States
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Windermere Real Estate - Mountain West
25 W. Cataldo AvenueSuite A, 99201-3205, Spokane, Washington, United States
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Windermere Real Estate is a leading residential real estate network in the Western U. S. Windermere is consistently
Windermere Real Estate is a leading residential real estate network in the Western U. S. Windermere is consistently ranked as one of the largest regional real estate brands in the United States by REAL Trends, a leading source of industry data. Windermere’s website, receives over one million visits per month, and is regarded as one of the leading real estate sites in the country in terms of customer usability. While residential real estate is the mainstay of its business, Windermere also has offices and associates who specialize in new construction, commercial real estate, relocation, and property management. To further facilitate the home buying process, Windermere has affiliated resources in certain regions to provide mortgage, title and escrow services. The Windermere family has a proud heritage of serving our neighbors via the Windermere Foundation which funds services for low-income and homeless families. Since 1989, the Windermere Foundation has contributed more than 21 million dollars towards improving lives in the communities where we live and work. For more information, visit our website.
Last updated
Today
First listed
September 25
Listing reference
d8c71550-654e-11f1-901e-6045bdd61ac4
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