Description
Incredible opportunity to own a 6-unit rental property with great CAP Rate! All rents have not been increased in years. Projected market rent rates between $5,650 and $5,850 in the current condition of the property. At market rent rates, the CAP rate is 6.20%!! Building has 1- 3bed/1bath unit with large basement, 1 - 2bed/1bath unit, and 4 - 1bed/1bath units. This property has multiple recently updated units, ample storage, and designated off-street parking for tenants and their guests. Pick this investment up now before rates come down and investment property prices jump up!
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0BEDS
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0.32ACRES
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0BATHS
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01/2 BATHS
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2,996SQFT
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$214$/SQFT
School Information
Description
Incredible opportunity to own a 6-unit rental property with great CAP Rate! All rents have not been increased in years. Projected market rent rates between $5,650 and $5,850 in the current condition of the property. At market rent rates, the CAP rate is 6.20%!! Building has 1- 3bed/1bath unit with large basement, 1 - 2bed/1bath unit, and 4 - 1bed/1bath units. This property has multiple recently updated units, ample storage, and designated off-street parking for tenants and their guests. Pick this investment up now before rates come down and investment property prices jump up!
© 2023 of Spokane Association of REALTORS® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2023-12-09T00:20:29.187.