6017 Driscoll BlvdSpokane, WA 99205

For Sale
$364,899

Updated 4-bed, 2-bath home, great income.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a meticulously maintained, single-family rental property located at 6017 N Driscoll Blvd., Spokane, WA 99205. Boasting a spacious 2,050 square feet, this two-story home features four bedrooms and two bathrooms, offering ample living space for tenants. Recent renovations in 2022 included kitchen and bathroom updates, fresh paint, a new furnace, and a new water heater, ensuring both comfort and low maintenance for the owner. The property also includes two living rooms, adding to its appeal. Outdoor amenities are equally impressive, with a fully fenced backyard featuring mature grape vines, a chicken coop, and ample space for recreational vehicles or other equipment. Its convenient location in the Shadle area provides easy access to schools, shopping centers, the VA hospital, and the Dwight Merkel Sports complex. Currently rented at 100% occupancy, this property generates a strong net operating income (NOI) of $21,540, resulting in a 5.90% cap rate. The asking price is $364,899, representing a price per square foot of $178 and a price per unit of $364,899. Built in 1951, this Class C property represents a solid investment opportunity in a desirable Spokane location. The property is a net lease investment. Ten minutes from a boat launch and ORV park.

Highlights

  • Meticulously maintained single-family rental property at 6017 N Driscoll Blvd., Spokane, WA 99205.
  • 2,050 sq ft, 4 bed, 2 bath, two-story home with recent (2022) renovations including kitchen, bathrooms, furnace, and water heater.
  • Fully fenced backyard with mature grape vines and chicken coop; ample RV parking.
  • Desirable Shadle area location, near schools, shopping, VA hospital, and Dwight Merkel Sports complex.
  • Currently 100% occupied, generating $21,540 NOI and a 5.90% cap rate; asking price $364,899 ($178/sq ft, $364,899/unit). Net lease investment.
  • Built in 1951 (Class C); Ten minutes from boat launch and ORV park.

Property Details for 6017 Driscoll Blvd

Property type
Multifamily properties, Residential income homes
Square Feet
2,050 SF
Class
C
Year Built/Renovated
1951/2022
Stories
2
Units
1

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.713499705762
Longitude
-117.47445760281
6017 Driscoll Blvd, Spokane, Washington

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6017 Driscoll Blvd
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