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105 E Aspen Ave

Springdale, WA 99173
  • $700,000
  • STATUS: Active
  • ON SITE: 102 Days
  • ID#: 202217655
UPDATED: 14 min ago
$700,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:
Area:

School Ratings & Info

School District:

Description

Tired of low return on your investments? Here is an investment opportunity with great cash flow! Gross rent for 9 units is $7535/mo with the potential for growth. Seller made capital improvements years 2019, 2020, 2021showing a net profit of over $50,000 in 2021 and expects 2022 to show a similar return even though the 9th unit has been vacant, waiting for a light rehab. Long-term tenants who pay on time, low vacancy rate in a high demand area. There is a tenth spot with no home which offers many options for onsite manager home, shop or 10th rental spot Feels very private, with each home having a shed and yard in a nicely treed area. Easy access from main road. Public water/sewer. Very close to Loon Lake and about 30 minutes from North Spokane. Lots of outdoor activities nearby. PLEASE DO NOT VISIT/DISTURB TENANTS!!

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© 2022 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2022-09-27T23:20:46.26.
www.spokanehomegurus.com/homes/129922841
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105 E Aspen Ave Springdale, WA 99173

  • Price: $700,000
  • Status: Active
  • On Site: 102 Days
  • Updated: 14 min ago
  • ID#: 202217655
0
Beds
0
Baths
0
½ Baths
1
Acres
Neighborhood:
A110/069
County:
Stevens
Area:
A110/069
School District:
Springdale
Property Description
Tired of low return on your investments? Here is an investment opportunity with great cash flow! Gross rent for 9 units is $7535/mo with the potential for growth. Seller made capital improvements years 2019, 2020, 2021showing a net profit of over $50,000 in 2021 and expects 2022 to show a similar return even though the 9th unit has been vacant, waiting for a light rehab. Long-term tenants who pay on time, low vacancy rate in a high demand area. There is a tenth spot with no home which offers many options for onsite manager home, shop or 10th rental spot Feels very private, with each home having a shed and yard in a nicely treed area. Easy access from main road. Public water/sewer. Very close to Loon Lake and about 30 minutes from North Spokane. Lots of outdoor activities nearby. PLEASE DO NOT VISIT/DISTURB TENANTS!!
Exterior Features

Construction Materials See Remarks Lot Features Level Parking Features See Remarks Road Frontage Type City StreetPaved Road Roof See Remarks

Interior Features

Basement See Remarks Heating See Remarks

Property Features

Additional Parcels YN No Association Amenities See Remarks Listing Terms ConventionalCash Property Sub Type Rental Structure Type See Remarks View Territorial

Listing provided courtesy of Home Sales Spokane: [IDXCONTACTINFORMATION].
© 2022 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2022-09-27T23:20:46.26.
 
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