2302 Northwest BlvdSpokane, WA 99205

For Sale
$199,900

Northwest Spokane rental property, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a charming 1-story, 1,440 square foot duplex located in the desirable Northwest Spokane neighborhood of Spokane, Washington. Built in 1931, this Class C property boasts two units, each featuring one bedroom and one bathroom. Currently generating a strong net operating income (NOI) of $18,000, representing a 9% capitalization rate, this property offers significant upside potential due to below-market rents. The asking price is $199,900, translating to $138.82 per square foot and $99,950 per unit. The property is offered for sale by owner and features seller financing options. These options include a minimum 20% down payment, a 9.9% interest rate, a 30-year amortization schedule, and a 5-year balloon payment. This attractive financing is subject to seller underwriting and credit approval. The property's APN is 25122.1605. This is an ideal opportunity for owner-users seeking a strong return on investment or savvy investors looking to add a cash-flowing asset to their portfolio. The property's location in Spokane, WA, offers convenient access to local amenities and services. Don't miss this chance to acquire a well-positioned duplex with substantial growth potential.

Highlights

  • $199,900 asking price for a two-unit duplex in Spokane, WA.
  • Northwest Spokane duplex investment opportunity.
  • Two 1-bedroom, 1-bathroom units.
  • Below-market rents provide significant upside potential.
  • Seller financing available with a minimum 20% down payment, 9.9% interest rate, 30-year amortization, and a 5-year balloon payment (subject to seller underwriting and credit approval).

Property Details for 2302 Northwest Blvd

Property type
Multifamily properties, Residential income homes
Square Feet
1,440 SF
Class
C
Year Built
1931
Buildings
1
Stories
1
Units
2

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.683641678367
Longitude
-117.44579133289
2302 Northwest Blvd, Spokane, Washington

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2302 Northwest Blvd
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