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(509) 921-2121
Crane Real Estate Group
1112 S Ash St, Spokane, WA 99204
- $449,900
- 2,002
- SqFt
- List Price
- $449,900
- MLS#
- 202622528
- Property Sub-Type
- Residential Income
- Current MLS Listing Sale Status
- Active
- Financing Terms
- Conventional, Cash, Owner Financing
- City
- Spokane
- Acres
- 0.06
Property Description
Cash-Flowing Triplex with Value-Add Potential! Fully occupied and producing $3,275 per month in gross rental income ($39,300 annually), this investment property offers immediate returns and long-term upside. The unit mix includes one 2-bedroom unit and two 1-bedroom units with established rents of $1,400, $1,000, and $875 per month. Great South hill location! Investors will appreciate the opportunity to further increase returns through future rent adjustments, property enhancements, improved operational efficiencies, and potential basement unit expansion. With tenants already in place and income from day one, this property checks the boxes for investors seeking both stability and growth. New roof in 2019 and new vinyl windows in 2025. Rare opportunity to acquire a performing asset with existing cash flow and multiple strategies for increasing value and maximizing ROI. Showings available with accepted offer. AI was used to remove tenant personal items. Buyer and buyer's agent to verify all information.
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Additional Information
- Year Built
- 1906
- MLS Area/Grid
- SW Urban S I-90
- MLS Area/Grid Number
- A220/040
- Parcel Number
- 25244.1502
- School District
- Spokane Dist 81
- Elementary School
- Roosevelt
- Middle School
- Sacajawea
- High School
- Lewis & Clark
- Home Amenities
- Laundry, Storage
- Home Total Sq Ft
- 2,002
- Basement
- Laundry, Walk-Out Access
- Heating/Cooling
- Natural Gas, Electric, Forced Air, Baseboard
- Roof Style
- Composition
- Frontage
- City Street, Private Road
- Acres MOL
- 0.06
- Lot Size
- 2,683
- Lot Information
- City Bus (w/in 6 blks)
- Property Sub-Type
- Residential Income
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Listing courtesy of SARMLS / Kelly Right Real Estate of Spokane
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.