4-PLEX in CANNON HILL! The unit count comprises of 2-One Bedroom, and 2-Studio apartments, creating an investment opportunity for owner-occupied financing; AND through the Spokane Historic Preservation Office, qualifies for the Special Valuation Tax Incentive. Projected 6.5% - 7% untrended cap rate. Permitted from residence to apartments in conjunction with the Federal Government to provide housing for troops returning from WWII. 3-D tour available on Zillow. Not only is this an unbeatable location near parks, bluff trails, South Hill and Downtown amenities, it’s a great addition to any investment portfolio!
Listing Courtesy of Spokane MLS as distributed by MLS GRID / Century 21 Beutler & Associates / Amber Durkoop
$350,000 (USD)
Spokane Area Single Family Home
Active
1307 E Newark Ave Spokane, WA 99202
3 Bed
2 Baths
1983 sqft
MLS# 202615877
Wonderful RESTORATION OPPORTUNITY in highly sought after Perry District! Home sits on double lot with many upgrades ready for you to preserve back to life: $31,000 paid in Restoration Performance with ServPro - asbestos testing and removal - tested for lead based paint (from samples taken, no lead found). New Furnace, 2024; New Roof, 2018; Chimney Re-pointed and Sleeved with new Liner, exterior has been painted within the last ten years. All original doors, hinges, and plates have been salvaged, as well as any trim pieces that could be restored to life. Original fireplace with majority of woodwork throughout house in great condition. Excellent opportunity to re-build garage with Additional Dwelling Unit above, and make this home and grove a place of your own, or a lovely investment in Perry. Parcel number, 35204.0123 is a private shared driveway/alley access for the three owners in drive. 3-D tour available on Zillow - listing agent has historical record of previous owners and their adjacent life in Spokane.
Listing Courtesy of Spokane MLS as distributed by MLS GRID / Century 21 Beutler & Associates / Amber Durkoop
$350,000 (USD)
Spokane Area Land
Active
1307 E Newark Ave Spokane, WA 99202
Bed
0 Baths
sqft
MLS# 202615878
Wonderful RESTORATION OPPORTUNITY in highly sought after Perry District! Home sits on double lot with many upgrades ready for you to preserve back to life: $31,000 paid in Restoration Performance with ServPro - asbestos testing and removal - tested for lead based paint (from samples taken, no lead found). New Furnace, 2024; New Roof, 2018; Chimney Re-pointed and Sleeved with new Liner, exterior has been painted within the last ten years. All original doors, hinges, and plates have been salvaged, as well as any trim pieces that could be restored to life. Original fireplace with majority of woodwork throughout house in great condition. Excellent opportunity to re-build garage with Additional Dwelling Unit above, and make this home and grove a place of your own, or a lovely investment in Perry. Parcel number, 35204.0123 is a private shared driveway/alley access for the three owners in drive. 3-D tour available on Zillow - listing agent has historical record of previous owners and their adjacent life in Spokane.
Listing Courtesy of Spokane MLS as distributed by MLS GRID / Century 21 Beutler & Associates / Amber Durkoop