17918 Alki AveSpokane Valley, WA 99016

This exceptional investment opportunity presents a custom-built duplex in Spokane Valley, WA, boasting a 5.26% cap rate and a strong NOI of $38,169. The property, built in 2018, comprises two units, each offering 1,168.5 square feet of living space, for a total of 2,337 square feet. Each unit features a desirable open floor plan, seamlessly connecting the living, dining, and kitchen areas. The kitchens are generously sized, equipped with ample upper and lower cabinets, stainless steel appliances (including a freestanding stove, microwave, dishwasher, and refrigerator), and patio access to a private fenced backyard complete with a sprinkler system. Three spacious bedrooms are included in each unit, one designated as a primary en-suite with a bathtub and a separate walk-in tiled shower. Modern conveniences include an electric forced air heat pump and A/C in each unit, oversized hallways and doors, and a stackable washer and dryer. A significant advantage is the attached, finished, and heated one-car garage, providing valuable parking and storage. The property sits on an 11,101 square foot lot and is currently 100% occupied, generating a price per unit of $362,500 and an asking price of $725,000. This turnkey investment offers immediate cash flow and significant potential for long-term appreciation in the Spokane Valley market. The property's location in Spokane County, WA, zip code 99016, at 17918 E Alki Ave, ensures easy access to local amenities and transportation.