1008 S Madison St Spokane, WA 99204
Rare opportunity! This Triplex was built with owner occupant in mind. Located in a very desirable location, making it a perfect opportunity for an owner occupant investor, or rent all 3 for a great return on investment. The unique layout and design gives you a spacious, 3 bed 1 bath unit with large family room in basement with its own laundry. Unit 2 is a 3 bed 1 bath with long term happy tenants. Both of the main floor units have hardwood floors and gas radiant heat with central AC. In addition, they have their own garage with openers. Unit 3 is a one bedroom 1 bath with long term tenants. with cap rate of 5.7% return. There is a 4th unit potential with its own entrance to add to your already great income. It has been used as a VRBO rental as is. Needs kitchen and permanent heat source as well as some insulation and sheet rock to the ceiling for sound proofing. Could produce another $1200 a month. Occupied units can be shown after mutual acceptance. Convenient central location close to all amenities.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountySpokane
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site36 Days
- MLS StatusPending
- MLS ID Number202422830
- Home Size Source N/A
- Year Built1951
- Lot Size0.14 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Rancher
- Construction Cedar
- Parking DetachedGarage Door OpenerAlley Access
- Parking Spaces 1956
- Basement FullPartially FinishedDaylightRec/ Family AreaLaundryWalk- Out Access
- Acreage 0.14
- Garage Spaces 3
Interior Features
- Cooling Central Air
- Heating Gas Hot Air FurnaceHot Water
- Appliances Free- Standing RangeDishwasherRefrigeratorWasherDryer
- Interior Wood FloorNatural WoodworkWindows Wood
- Fireplace Features MasonryWoodburning Fireplce
- Fireplace Yes
Exterior Features
- Lot Sprinkler - AutomaticTreedCorner LotCity Bus (w/in 6 blks)
- Road Frontage City Street
Community Features
- Association Amenities PatioHigh Speed InternetLaundry
- MLS Area A220/040