Courtesy of Windermere North +1 (509) 467-66
Cash flow! Cash flow! Cash flow! This is an excellent turn-key investment opportunity. It is a Quad-Plex structure that is run like a mini-hotel for short-term and longer term clients with excellent occupancy rates, reasonable overhead, and good net operating income. Two of the units are 2-bedroom and 1-bath. One unit is 1-bedroom and 1-bath. And one unit is 3-bedroom and 1-bath. It is close to everything, so the location has been preferred for easy access to downtown, medical, entertainment, sports, etc. All the units are fully furnished and are very well cared for. Each unity has its own laundry and electrical meter. There is a management company that handles the short-term rental side and a website that has established success driving business and rental requests. Each unit has a designated off-street parking space. Easy maintenance of the grounds. This is one of those opportunities where a new owner can just take the business and run with it.
Cash flow! Cash flow! Cash flow! This is an excellent turn-key investment opportunity. It is a Quad-Plex structure that is run like a mini-hotel for short-term and longer term clients with excellent occupancy rates, reasonable overhead, and good net operating income. Two of the units are 2-bedroom and 1-bath. One unit is 1-bedroom and 1-bath. And one unit is 3-bedroom and 1-bath. It is close to everything, so the location has been preferred for easy access to downtown, medical, entertainment, sports, etc. All the units are fully furnished and are very well cared for. Each unity has its own laundry and electrical meter. There is a management company that handles the short-term rental side and a website that has established success driving business and rental requests. Each unit has a designated off-street parking space. Easy maintenance of the grounds. This is one of those opportunities where a new owner can just take the business and run with it.
Multifamily
Rental
1894
2
--
0.14
Active
28
2,648 Sq. Ft.
6,098 Sq. Ft.
Location
- 0
- Assigned, None
- Composition
- Victorian
- Steel Frame
- Sprinkler - Automatic, Level, Corner Lot, City Bus (w\/in 6 blks), Fencing
- 25131.0404
Chris Connelly
Windermere North
Spokane
SAR202518185
Average List Price
$489,180
40%
Average Sale Price
$471,225
38%
Days on Market
68
5%
Homes Sold
10
100%
Median List Price
$299,900
2%
Median Sale Price
$299,900
1%
Sale/Price Ratio
96%
3%
Homes for Sale
20
80%
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