2302 Northwest BlvdSpokane, WA 99205

Property Details for 2302 Northwest Blvd

Year built

1931

Property size (Sq ft)

1,440 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a charming 1-story, 1,440 square foot duplex located in the desirable Northwest Spokane neighborhood of Spokane, Washington. Built in 1931, this Class C property boasts two units, each featuring one bedroom and one bathroom. Currently generating a strong net operating income (NOI) of $18,000, representing a 9% capitalization rate, this property offers significant upside potential due to below-market rents. The asking price is $199,900, translating to $138.82 per square foot and $99,950 per unit. The property is offered for sale by owner and features seller financing options. These options include a minimum 20% down payment, a 9.9% interest rate, a 30-year amortization schedule, and a 5-year balloon payment. This attractive financing is subject to seller underwriting and credit approval. The property's APN is 25122.1605. This is an ideal opportunity for owner-users seeking a strong return on investment or savvy investors looking to add a cash-flowing asset to their portfolio. The property's location in Spokane, WA, offers convenient access to local amenities and services. Don't miss this chance to acquire a well-positioned duplex with substantial growth potential.

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6836

Longitude

-117.446

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