United StatesWashingtonSpokane303 E Indiana Avenue

303 E Indiana Avenue
303 E Indiana Avenue Spokane, Washington 99207 United States

$550,000
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Windermere City Group

Listing Courtesy of Windermere City Group
4,776 Sq Ft.
Interior
.34 Acres
Exterior
Residential Income
Property type
1904
Year Built
202411140
Web Id
202411140
MLS ID
Heaths Addition
Subdivision
Spokane Public Schools
School District
Logan
Elementary
Yasuhara
Middle
North Central
High
35
days ago
This Property is Currently Contract Pending

About 303 E Indiana Avenue

Calling all investors! Great 4-unit rental income property in the Gonzaga area w/ tremendous upside potential AND future development possibilities! Nice mix of units, including a 3-bed, 2-bed & two 1-bed apartments. Major weatherization & efficiency updates recently performed by SNAP including blown-in insulation in the walls, new doors & new high-efficiency mini splits for heating & cooling. The vacant units are move-in ready with vinyl windows, updated baths & even beautiful original hardwood floors on the top floor! On-site laundry, covered patio spaces, large & fully fenced backyard, 2 car garage with 4 separate storage areas. A short plat through City of Spokane would allow further development & one or possibly more Plexes to be built under new zoning ordinances. This property has been owned by a nonprofit & has 2 leases in place until 11/30/24 for affordable housing. But new leases at market rates will greatly increase the bottom line. This is a fantastic investment with incredible potential & upside!

Listing Courtesy of Windermere City Group

The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Amenities

  • Laundry
  • Patio
  • Storage

features

cooling
Gas
Additional Listing Type
In Contract

PROPERTY INFORMATION

Amenities
Cable TV, Patio, Gas, Laundry, Storage
Appliances
Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
Basement
Partial, Partially Finished
Garage Info
2
Heating
Electric, Baseboard, Zoned
Parking Description
Detached, Off Site, Alley Access
Style
Craftsman

EXTERIOR

Construction
Wood
Roofing
Composition Shingle

INTERIOR

Interior Features
Wood Floor, Natural Woodwork, Windows Wood

ADDITIONAL INFORMATION

Number of Units
4
Listing Courtesy of Windermere City Group

Windermere City Group

Listing Courtesy of Windermere City Group
Contact Agent