Great 15 bedroom student rooming house opportunity. Located in Spokane’s highly desired University District with majority of building systems updated or replaced. Situated just two blocks from Gonzaga University and within 1-mile of 6 higher education institutions, investors are well positioned to take advantage of Spokane’s growing student rental demand. Being one of the largest rooming houses in the University District, buyers will have multiple renting & leasing options including renting the building on a group lease, renting rooms individually, or renting the building as an Airbnb. The building is currently vacant, giving buyers the opportunity to fill and rent before the 24 school year. FINANCIALS ARE PROFORMA
Sold
Listed by:
Winslow Lee,
Kidder Mathews
$880,000
418 E Mission Avenue, Spokane, WA 99202
--beds
--baths
6,000sqft
Multi Family
Built in 1905
-- sqft lot
$915,000 Zestimate®
$147/sqft
$1,439 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:48am
Listed by:
Winslow Lee,
Kidder Mathews
Bought with:
Winslow Lee
Kidder Mathews
Source: NWMLS,MLS#: 2209356

Facts & features
Interior
Heating
- Baseboard
Cooling
- Central Air
Features
- Has fireplace: No
Interior area
- Total structure area: 6,000
- Total interior livable area: 6,000 sqft
Property
Parking
- Total spaces: 5
- Parking features: Open
- Uncovered spaces: 5
Features
- Has view: Yes
- View description: City, Mountain(s)
Lot
- Size: 7,100 sqft
- Dimensions: 7100
- Features: Curbs, Paved, Sidewalk, Patio
Details
- Parcel number: 351720303
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1905
- Major remodel year: 1978
Utilities & green energy
- Electric: Company: Avista
- Sewer: Sewer Connected, Company: City of Spokane
- Water: Public, Company: City of Spokane
Community & neighborhood
Location
- Region: Spokane
- Subdivision: Spokane
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 386 days
Sell for more
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$915,000
2% more+$18,300
With Zillow Showcase(estimated)$933,300