3226 E 4th Ave
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3226 E 4th Ave
5 Unit Block of Flats £867,900 (£173,580/Unit) 7.60% Net Initial Yield Spokane, WA 99202
Investment Highlights
- Can be financed residential. 3 separate parcels.
- 2007 builds and an updated '77 build.
Executive Summary
5 low expense Units on 3 separate parcels ready to cash flow with option to use *Residential financing!* 3 Buildings including 3 Parcels, 2 Duplexes, 1 Single Family and 4 Garages. All units are 3 bedroom and 1 bathroom, the Duplex units were built in 07' (updated) and offer 947 sqft, the Single family home was built in 77' (updated) and offers 1050 sqft. 4 high-door single car garages included. Updates: LPV flooring, efficient water heaters, gas forced furnaces and Cent AC, fixtures, new paint and more. Each unit has its own laundry hook ups and fenced yard space. Tons of value add and/or turn key ready to go, see them today!
https://listings.insidespokanephotography.com/sites/3216-e-4th-ave-both-spokane-wa-99202-9452128/branded
https://listings.insidespokanephotography.com/sites/3216-e-4th-ave-both-spokane-wa-99202-9452128/branded
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £867,900 | Property Subtype | Apartment |
| Price Per Unit | £173,580 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Net Initial Yield | 7.60% | Building Size | 4,853 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 80% |
| Gross Rent Multiplier | 11.6 | Number of Floors | 1 |
| No. Units | 5 | Year Built/Renovated | 2007/2022 |
| Property Type | Residential | Parking Ratio | 0.82/1,000 SF |
| Price | £867,900 |
| Price Per Unit | £173,580 |
| Sale Type | Investment |
| Net Initial Yield | 7.60% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 11.6 |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 4,853 SF |
| Average Occupancy | 80% |
| Number of Floors | 1 |
| Year Built/Renovated | 2007/2022 |
| Parking Ratio | 0.82/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1 | 5 | £1,302 | 947 - 1,065 |
1 of 1
Walk Score ®
Very Walkable (73)
zoning
| Zoning Code | RMF (Residential Multi-Family) |
| RMF (Residential Multi-Family) |
-
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3226 E 4th Ave
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