303 E Indiana Ave Spokane, WA 99207
Listing Courtesy of: Spokane MLS / Windermere Real Estate/City Group, LLC / Erik Dordal

  303 E Indiana Ave Spokane, WA 99207

Pending (32 Days)
$550,000

Description

Calling all investors! Great 4-unit rental income property in the Gonzaga area w/ tremendous upside potential AND future development possibilities! Nice mix of units, including a 3-bed, 2-bed & two 1-bed apartments. Major weatherization & efficiency updates recently performed by SNAP including blown-in insulation in the walls, new doors & new high-efficiency mini splits for heating & cooling. The vacant units are move-in ready with vinyl windows, updated baths & even beautiful original hardwood floors on the top floor! On-site laundry, covered patio spaces, large & fully fenced backyard, 2 car garage with 4 separate storage areas. A short plat through City of Spokane would allow further development & one or possibly more Plexes to be built under new zoning ordinances. This property has been owned by a nonprofit & has 2 leases in place until 11/30/24 for affordable housing. But new leases at market rates will greatly increase the bottom line. This is a fantastic investment with incredible potential & upside!

MLS #:
202411140
Taxes
$5,350
Lot Size
0.34 acres
Type
Multifamily
Year Built
1904
Style
See Remarks
School District
Spokane Dist 81
County
Spokane County

Listed By

Erik Dordal, Windermere Real Estate/City Group, LLC
Source
Spokane MLS
Last checked Feb 29 2024 at 12:04 AM GMT+0000
Bathroom Details
Interior Features
  • Windows Wood
  • Natural Woodwork
  • Wood Floor
Kitchen
  • Dryer
  • Washer
  • Refrigerator
  • Dishwasher
  • Free-Standing Range
Subdivision
  • Heaths Addition
Lot Information
  • Oversized Lot
  • City Bus (W/In 6 Blks)
  • Corner Lot
  • Level
  • Sprinkler - Automatic
  • Fenced Yard
Heating and Cooling
  • Zoned
  • Baseboard
  • Electric
  • Central Air
Basement Information
  • Partially Finished
  • Partial
Exterior Features
  • Roof: Composition Shingle
School Information
  • Elementary School: Logan
  • Middle School: Yasuhara
  • High School: North Central
Parking
  • Alley Access
  • Off Site
  • Detached
Stories
  • 2
Living Area
  • 4,776 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 3%
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