105 E Aspen Ave
Springdale, WA 99173

Stevens Area Commercial

  • 1 Acre

$700,000

7 Months on market

MLS# 202217653

Tired of low return on your investments? Here is an investment opportunity with great cash flow! Gross rent for 9 units is $7535/mo with the potential for growth. Seller made capital improvements years 2019, 2020, 2021…showing a net profit of over $50,000 in 2021 and expects 2022 to show a similar return even though the 9th unit has been vacant, waiting for a light rehab. Long-term tenants who pay on time, low vacancy rate in a high demand area. There is a tenth spot with no home which offers many options for onsite manager home, shop or 10th rental spot Feels very private, with each home having a shed and yard in a nicely treed area. Easy access from main road. Public water/sewer. Very close to Loon Lake and about 30 minutes from North Spokane. Lots of outdoor activities nearby. PLEASE DO NOT VISIT/DISTURB TENANTS!!

Bedrooms: 0
Bathrooms: 0
SqFt: 0
County: Stevens
Year Built: 9999
New Construction:
Lot SqFt: 43,560
Basement
  • See Remarks
Heating / Cooling
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Terms
  • Conventional
  • Cash
Lot / Information
  • Level
Roof
  • See Remarks

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