37 Hoffman Ave Spokane, WA 99207

This exceptional investment opportunity presents a single-family rental property located at 37 E Hoffman Ave, Spokane, WA 99207. The property, a charming 1951 bungalow situated on a 4,600 square foot lot, underwent a complete renovation in 2022. Boasting 1,788 square feet, this single-unit property features three bedrooms and one bathroom, offering a comfortable and updated living space. The kitchen has been beautifully updated with new stainless steel appliances and granite countertops. Other notable features include new flooring, fresh paint throughout, a cozy living room with a wood-burning fireplace and hardwood floors, a formal dining area (or potential home office), ample basement storage, and a detached single-car garage. Currently 100% occupied, this property generates a strong net operating income (NOI) of $20,340, resulting in a compelling 6.78% capitalization rate. The asking price is $299,900, translating to a price per square foot of $167.73 and a price per unit of $299,900. Its convenient location near Northtown Mall provides easy access to shopping and dining. This is a turnkey investment, ideal for a seasoned investor seeking a stable, high-return property in a desirable Spokane neighborhood. The property is classified as Class C and operates under a net lease investment structure.