Cash flow! Cash flow! Cash flow! This is an excellent turn-key investment opportunity. It is a Quad-Plex structure that is run like a mini-hotel for short-term and longer term clients with excellent occupancy rates, reasonable overhead, and good net operating income. Two of the units are 2-bedroom and 1-bath. One unit is 1-bedroom and 1-bath. And one unit is 3-bedroom and 1-bath. It is close to everything, so the location has been preferred for easy access to downtown, medical, entertainment, sports, etc. All the units are fully furnished and are very well cared for. Each unity has its own laundry and electrical meter. There is a management company that handles the short-term rental side and a website that has established success driving business and rental requests. Each unit has a designated off-street parking space. Easy maintenance of the grounds. This is one of those opportunities where a new owner can just take the business and run with it.
Listing Courtesy of Spokane MLS / Windermere North Spokane, LLC / Chris Connelly
$524,900
Spokane Area Single Family Home
Pending
13621 E 30th Ave Spokane, WA 99216
3 Bed
2 Baths
2364 sqft
MLS# 202513945
Completely renovated home with exceptional contemporary finishes! This 3-bedroom and 2-bath home has a unique design that will appeal to those not looking for the cookie cutter home. The main floor has an open and spacious feel and perfect for entertaining. The kitchen has custom cabinets with new appliances (refrigerator, dishwasher, and range) and hard surfaces. Designated dining area. Oversized living room over the garage which is an uncommon feature of homes of this era. Primary bedroom has two rooms. One can be used for a sitting area, walk-in closet, or home office. Main floor bath can be accessed from the main area or the primary bedroom. Basement has two additional bedrooms and bathroom and features a family room. Plus there is a mud-room area from the garage. Mini-split units for heating and cooling. Remodeled deck off of the kitchen. The exterior has been freshly painted.
Listing Courtesy of Spokane MLS / Windermere North Spokane, LLC / Chris Connelly
$225,000
Cheney Area Single Family Home
Active
8 3rd St Cheney, WA 99004
2 Bed
1 Baths
1005 sqft
MLS# 202516454
Great investment opportunity or even a first time buyer who is ready to build some equity. Just 4 blocks from EWU's campus, this home is in the middle of Cheney's bustling community. 2-bedrooms and 1-bath with a bonus room upstairs that could be used as an additional family room or even bedroom area. Main floor has living, informal dining, kitchen, and laundry area. All appliances are included. Metal roof. Spacious backyard that could easily fit a shop/garage (with alley access). OR look into the opportunity to build an ADU or rental. You are going to be hard-pressed to find anything at this price!
Listing Courtesy of Spokane MLS / Windermere North Spokane, LLC / Chris Connelly
