1918 W 3rd Ave, Spokane, WA 99201

PRICE REDUCED! SWEET HISTORIC INCOME PROPERTY - THIS Queen Anne Victorian home is located in Historic Browne's Addition and was built in 1898 for local pioneer Thomas Ryan after selling his stake in the Republic Mines to Patsy Clark. After Tommy's death in 1933 the home was converted to apartments during the Great Depression. Today this historic home is a fully-updated four-flex and retains many of its original features and character. These include a single-story turret on the front facade, a bay window off the main floor dining room, original tiled fireplace (non-working), original clawfoot tub, and much of the original trim and woodwork. All renovations have been done to retain and restore as much of the original design and character as possible. This charming turn-of-the-century home consists of four well-appointed apartments making it a great investment. The buyer could easily live in one apartment and pay all or part of the mortgage from the rental income. Each apartment rents quickly and easily to quality, qualified tenants. Traditionally most tenants have been graduate students who've stayed an average of 2-3 years, with generally no vacancy time between tenants. This multi-family home has a monthly income potential of $3400-$3800 and includes the following: #1 - Main Floor: 1bedroom/1bath w/ new kitchen, pocket doors and many original features (1000 ft2) #2 - Main Floor: Studio (350 ft2) #3 - Upstairs: 2 bedroom/2 bath (1000 ft2) #4 - Basement: 1 bedroom/1 bath newly-renovated (1000 ft2) ~~ Shared laundry room on main floor ~~ Two-car garage with storage loft and garage door opener ~~ Backyard has large fenced dog kennel, raised garden beds, shade trees, and off-street parking ~~ Access to mail and laundry via locked front and rear entry halls ~~ All appliance and window covering included in the sale Each apartment and the exterior have been painstakingly renovated and restored including new paint, flooring, insulation, heaters, air conditioners; bath, plumbing, and lighting fixtures; as well as many new doors, windows, and cabinetry. Other major updates and improvements include: ~~ 2009: New garage and entry doors ~~ 2011: 6' Privacy fence ~~ 2012: Underground sprinkler system ~~ 2014: Exterior paint ~~ 2015: New front porch ~~ 2016: New roof ~~ 2019: Front retaining wall and steps ~~ 2020: Basement egress window LOCATION, LOCATION, LOCATION! This classic home is ideally located just minutes from downtown Spokane, the hospital district, (Sacred Heart, Deaconess, Shriner's Hospitals), The Spokane Airport, Gonzaga University, EWU and WSU Downtown Spokane Campuses, and Spokane Falls Community College. The Elk, Browne's Bristo, Italia Trattoria, Pacific Avenue Pizza, Rousauers Grocery, Coeur d'Alene Park, the Northwest Museum of Arts and Culture (MAC), and other businesses are a short 1-2 block walk along tree-lined streets. Freeway access is literally one minute away.