Description
Six individual rental houses on an acre of flat ground fronting two streets (25th and 26th) in Latah Valley not too far from Latah Creek! Each home has it's own yard, storage shed, covered porch/deck, and off-street parking. Tons of options on this fantastic income-producing investment property with future development opportunities as well. At almost a 10% CAP rate, you can walk right into cashflow. Or submit your development plans for an apartment building or cottage housing while continuing to collect rent as it is until your project is approved. Please do NOT approach or disturb the wonderful tenants. Amazing location super close to downtown and just minutes from the airport.
-
0BEDS
-
1ACRES
-
0BATHS
-
01/2 BATHS
School Information
Description
Six individual rental houses on an acre of flat ground fronting two streets (25th and 26th) in Latah Valley not too far from Latah Creek! Each home has it's own yard, storage shed, covered porch/deck, and off-street parking. Tons of options on this fantastic income-producing investment property with future development opportunities as well. At almost a 10% CAP rate, you can walk right into cashflow. Or submit your development plans for an apartment building or cottage housing while continuing to collect rent as it is until your project is approved. Please do NOT approach or disturb the wonderful tenants. Amazing location super close to downtown and just minutes from the airport.
© 2024 of Spokane Association of REALTORS® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2024-10-06T08:20:50.263.