2718 E 5th Ave
Property Description
Investors, here's an opportunity to add a well-maintained triplex with a solid rental history to your portfolio or house hack by living in the upstairs unit and renting out the lower 2 units to offset your costs! Situated near picturesque Underhill Park in Spokane, this property offers three comfortable 2-bedroom, 1-bath units, providing strong rental appeal and multiple income streams. One unit has been completely updated, while the property as a whole has a proven rental history and currently generates $3,750 per month. Each unit features its own gas forced-air furnace, allowing for individual heating control and helping provide efficient, reliable heating for tenants. Operating expenses include approximately $400 per month for water, sewer, and garbage, $50 per month for common-area electricity, and $3250 for insurance. The currently vacant upstairs unit creates a unique opportunity for an owner-occupant and with the 1 car garage in the back it gives the opportunity for you or additional income.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $425,000 |
| No. of Units: | 3 |
| Year Built: | 1907 |
| Lot Size: | 3,000.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $141,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 3 |
ID: 3yd-SARWA-202625404
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout