1008 S Madison Street
Spokane, WA 99204
$700,000
4836 sqft | 0.14 acres | #202422830
For Rent
Description
Rare opportunity! This Triplex was built with owner occupant in mind. Located in a very desirable location, making it a perfect opportunity for an owner occupant investor, or rent all 3 for a great return on investment. The unique layout and design gives you a spacious, 3 bed 1 bath unit with large family room in basement with its own laundry. Unit 2 is a 3 bed 1 bath with long term happy tenants. Both of the main floor units have hardwood floors and gas radiant heat with central AC. In addition, they have their own garage with openers. Unit 3 is a one bedroom 1 bath with long term tenants. with cap rate of 5.7% return. There is a 4th unit potential with its own entrance to add to your already great income. It has been used as a VRBO rental as is. Needs kitchen and permanent heat source as well as some insulation and sheet rock to the ceiling for sound proofing. Could produce another $1200 a month. Occupied units can be shown after mutual acceptance. Convenient central location close to all amenities.
Interior Details
Interior Features
- Interior:Wood Floor, Natural Woodwork, Windows Wood
Property Details
Property
- Lot description:Sprinkler - Automatic, Treed, Corner Lot, City Bus (w/in 6 blks)
Measurements
- Acres:0.14
- Square Feet:4836
Parking
- Parking spaces:3
Construction Details
Type & Style
- Property type:Rental
- Basement:Full, Partially Finished, Daylight, Rec/Family Area, Laundry, Walk-Out Access
Condition
- Year built:1951
Community and Neighborhood Details
Location
- Elementary School:ROOSEVELT
- Middle School:Sac
- High School:Lewis & Clark
- County:Spokane
Other
Source
- MLS #:202422830
Location
Legal
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Last Updated: . Source: SAR
Listing Courtesy
Listing Agent:
Listing Office: EXIT Real Estate Professionals
Keller Williams SpokaneWhitney Schumacher Real Estate
