2936 E Wabash Ave, Spokane, WA 99217
$400,000
Property Type:
MultiFamily
Square Footage:
2,280
Lot Size (sq. ft.):
6,534
Status:
Closed
Current Price:
$400,000
List Date:
10/12/2022
Last Modified:
8/18/2023
Description
JUST REDUCED. Well Cared for 4 Plex has a history of generating great cash flow though current occupied rents are WELL BELOW market rate. S.H.A. rents 1 bdrms for $950. At that rate, the potential gross Revenue is $3800 plus added rent potential on 3 seperate garage/storage spaces. In addition, new buyer could replace W/D with coin operated laundry to offset expenses. Conveniently located to shops, restaurants, and bus route. This four-plex features 4 - Cozy 1 bedroom / 1 bath units. All units have Various recent updates such as newer gas furnace, water heater, some vinyl windows, plumbing, electrical, flooring, countertops, & fresh interior paint. Fenced backyard. Shared utility on site.
More Information MLS# 22-10176
Contract Information
Status: Closed
Listing Type: Multi Family
Area: Washington Counties
Sold Date: 2023-01-20
Neighborhood Grid #: 700
Begin Date: 2022-10-11
List Price: $400,000
Non-Agent Compensation: 1
Non-Agent Compensation Type: %
Buyer Agency Compensation: 3
Buyer Agency Compensation Type: %
Under Contract Date: 2022-12-20
Short Sale: No
REO: No
Financing: Conventional Loan
General Property Description
Realtor.COM Type: Multi-Family
Number of Units: 4
1 BR units: 4
Building Style: Sgl Level
Basement: Yes
Garage Type: Detach
Garage Stall: 3 Car
Total SqFt.: 2280
ESTIMATED SqFt Source: Assessor
SqFt Per: Bldg
Year Built: 1953
Remodeled: Yes
Year of Remodel: 2020
New Construction: No
Lot Size: 50 x 127
Lot Acres: 0.15
Lot Type 1: Residential
Legal and Taxes
Legal: See Attached
AIN/Tax Bill: 36343.2801
Parcel Number: 36343.2801
School District: Other
Zoning: UGA
Directions: North on Market. Turn L on Wabash. Corner of Wabash and Haven
Taxes: 2250
Tax Year: 2021
Taxes Reflect 1: No Exemptions
Subdivision: N/A
Remarks
Public Remarks: JUST REDUCED. Well Cared for 4 Plex has a history of generating great cash flow though current occupied rents are WELL BELOW market rate. S.H.A. rents 1 bdrms for $950. At that rate, the potential gross Revenue is $3800 plus added rent potential on 3 seperate garage/storage spaces. In addition, new buyer could replace W/D with coin operated laundry to offset expenses. Conveniently located to shops, restaurants, and bus route. This four-plex features 4 - Cozy 1 bedroom / 1 bath units. All units have Various recent updates such as newer gas furnace, water heater, some vinyl windows, plumbing, electrical, flooring, countertops, & fresh interior paint. Fenced backyard. Shared utility on site.
Address
Street Number: 2936
Street Direction Pfx: E
Street Name: Wabash
Street Suffix: Ave
State/Province: WA
Postal Code: 99217
County: Spokane
Property Subject To
CC&Rs: No
Homeowners Assoc: No
LID: No
Non-Mtg Lien: No
Flood Zone: No
Aircraft Flight Zone: Unknown
Fire Protection Dist: Unknown
Miscellaneous
Sec: 34
Twn: 26
Rng: 43
Rng Dir: EBM
Utilities Paid By
Cable: Tenant
Electric: Tenant
Garbage: Landlord
Gas: Landlord
Sewer: Landlord
Water: Landlord
Basement
Apx % Finished: 100
Property Features
View: None
Lot Features: Alley Access; Corner Lot; Level
Exterior Features: Fencing - Partial; Sidewalks
Fuel: Gas
Heating: Forced Air
Other Structures: See Remarks
Bsmt: Full Size
Basement: Daylight; Finished; Walk-Out Access
Foundation: Concrete
Construction: Frame
Exterior: Vinyl
Roof: Comp Shingle
Road: Paved; Public Maintained Road
Sewer: City Sewer
Terms Considered: Cash; Conventional
Showing Instructions: Call List Agent
Documents
Assoc Docs ›Listing Office: RE/MAX of Spokane
Last Updated: August - 18 - 2023
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