8705 N Colton St, Spokane, WA 99218
- $725,000
- List Price
- $725,000
- MLS#
- 202617285
- Property Sub-Type
- Residential Income
- Current MLS Listing Sale Status
- Active
- Financing Terms
- FHA, VA Loan, Conventional, Cash
- City
- Spokane
- Acres
- 0.21
Property Description
Exceptional investor or owner-occupant opportunity featuring a well-maintained fourplex in North Spokane within the desirable Mead School District. With strong rental history and quality updates throughout, this property offers excellent income potential and long-term value. Each unit features just under 1,000 SF with 2 bedrooms, 2 bathrooms, including a primary suite, plus LVP flooring, updated cabinetry, stainless steel appliances, updated vinyl windows, in-unit laundry, and individual A/C units. Residents also enjoy private balconies or porches, off-street parking, and detached garages for added convenience and income potential. Gross Monthly Income: $5,360. NOI: $51,453.83. Cap Rate: 7.1%. Potential to package 803 W Knox Ave and 1511-1517 W Euclid Ave for expanded investment opportunity.
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Additional Information
- Year Built
- 1981
- MLS Area/Grid
- NE Urban-Mead
- MLS Area/Grid Number
- A341/061
- Parcel Number
- 36202.0711
- School District
- Mead
- Elementary School
- Shiloh
- Middle School
- Mountainside
- High School
- Mt Spokane
- Home Amenities
- None
- Garage Spaces
- 1
- Basement
- None
- Heating/Cooling
- Electric, Baseboard
- Roof Style
- Composition
- Frontage
- City Street, Paved Road
- Acres MOL
- 0.21
- Lot Size
- 9,148
- Property Sub-Type
- Residential Income
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Listing courtesy of SARMLS / LT Real Estate
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.