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418 E Mission Avenue

Spokane, WA 99202
  • $895,000
  • STATUS: Pending
  • ID#: 2209356
Under Contract
$895,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,000
    SQFT
  • $149
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1905
County:

School Ratings & Info

School District:
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Kidder Mathews.
Mortgage Calculator is provided by BoomTown.

Description

Great 15 bedroom student rooming house opportunity. Located in Spokane's highly desired University District with majority of building systems updated or replaced. Situated just two blocks from Gonzaga University and within 1-mile of 6 higher education institutions, investors are well positioned to take advantage of Spokane's growing student rental demand. Being one of the largest rooming houses in the University District, buyers will have multiple renting & leasing options including renting the building on a group lease, renting rooms individually, or renting the building as an Airbnb. The building is currently vacant, giving buyers the opportunity to fill and rent before the 24 school year. FINANCIALS ARE PROFORMA

Monthly Payment Calculator



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-19T15:42:19.173. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-19T15:42:19.173. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.costelloteam.com/homes/148499962
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418 E Mission Avenue Spokane, WA 99202

  • Price: $895,000
  • Status: Pending
  • On Site: Days
  • ID#: 2209356
0
Beds
0
Baths
0
½ Baths
0.16
Acres
6,000
SQFT
$149
$/SQFT
1905
Built
Neighborhood:
Spokane
County:
Spokane
Area:
Spokane County
School District:
Spokane
Property Description
Great 15 bedroom student rooming house opportunity. Located in Spokane's highly desired University District with majority of building systems updated or replaced. Situated just two blocks from Gonzaga University and within 1-mile of 6 higher education institutions, investors are well positioned to take advantage of Spokane's growing student rental demand. Being one of the largest rooming houses in the University District, buyers will have multiple renting & leasing options including renting the building on a group lease, renting rooms individually, or renting the building as an Airbnb. The building is currently vacant, giving buyers the opportunity to fill and rent before the 24 school year. FINANCIALS ARE PROFORMA
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features CurbsPavedSidewalk Lot Size Dimensions 7100 Open Parking Spaces 5 Open Parking YN Yes Parking Total 5 Parking Uncovered Spaces 5 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View CityMountain(s) View YN Yes Waterfront YN No

Interior Features

Building Area Total 6000 Cooling Central A/C Cooling YN Yes Fireplace YN No Heating Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities BasementStorage Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 74060 New Construction YN No Possession Closing Possible Use Multi-FamilyResidential Power Company Avista Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company City of Spokane Site Features Patio Special Listing Conditions None Tax Annual Amount 7304 Tax Year 2024 Units In Building Total 5 Water Company City of Spokane Water Source Public Year Built Effective 1978 Zoning Class Multi-FamilyResidential Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-19T15:42:19.173. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-19T15:42:19.173. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Costello Team | Windermere Real Estate
100 116th Ave SE
Bellevue WA, 98004
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Kidder Mathews.
Mortgage Calculator is provided by BoomTown.