BEDS0
BATHS
SQUARE FEET6,500
MLS#202616964
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSpokane Dist 81
Property Description
Well-maintained 12-unit apartment building offering a stable and consistent income stream with a proven track record of performance. The unit mix consists of nine 1-bedroom units and three 2-bedroom units?an ideal blend in todays market, with strong demand for 1-bedroom housing helping drive consistent occupancy. The property is currently operating at approximately 83% occupancy with room to increase revenue through lease-up and continued rent optimization . Ownership has completed light updates during unit turns, helping maintain condition while supporting long-term tenant retention. Financials show strong, steady income with over $131K in rental income and additional revenue streams including utility bill-backs and pet rent . On-site laundry provides further upside potential, and low-maintenance grounds keep operating expenses manageable. Professionally managed with systems in place, this is a steady eddie asset ideal for investors seeking reliable cash flow with upside.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Fenced: Yes
Lot Size: 0.29 Acres
Roof Type: Composition
Stories: 2.0
Year Built: 1978
Feature Descriptions
Association Amenities: Laundry
Days on Site: 3
Exterior: Siding, Wood Siding
Heating/Cooling: Electric, Ductless
Lot: Fenced Yard, Cross Fncd, Sprinkler - Automatic, Level, Corner Lot, City Bus (w/in 6 blks)
Parcel#: 35044.0804
Parking: None
Special View Info: Territorial
SQ. FT. Total: 6500
Local Schools
High School: Rogers
Middle School: Shaw
Elementary School: Bemiss
School District: Spokane Dist 81
Listed By / Shown By
Listed By
Agency Name: The Hornberger Group, LLC
Shown By
Agent Name: Abbey Parsons
Agent Phone: (509) 939-0602
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 2,831.89 per month $2,503.76 Principal & Interest $0.00 Property Tax (data not provided by mls) $328.13 Homeowner's InsuranceChange Payment Information
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Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated.
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Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated.
Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. ©2020 of the Spokane Association of REALTORS® MLS. All rights reserved.
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3203 N Smith St | MLS# 202616964
This multi-family property located at 3203 N Smith St, Spokane, WA 99207 is currently listed for sale with an asking price of $1,125,000. N Smith St is located within the Spokane Dist 81 school district. Search Spokane real estate on www.abbeyparsons.com today.