603 W Augusta Ave, Spokane, WA 99205

Description

Welcome to 603 W Augusta Ave, Units 601 & 601 1/2—a recently remodeled triplex with a strong rental history and excellent occupancy since 2021. The property features a 2-bedroom house with in-unit laundry, plus an attached duplex addition fronting Howard Street that includes a 2-bedroom unit and a studio. The property has benefited from consistent tenant demand, with tenants renewing annually. Each tenant pays their own electricity, helping keep operating expenses manageable. Recent improvements include a new roof, new siding on the additional structure, new flooring and a refrigerator in the studio, and a new hot water tank. Located directly across from North Central High School, this property offers an attractive opportunity for investors seeking an established income-producing property or owner-occupants looking to live in one unit while generating rental income from the other two. Current leases provide immediate rental income, with additional opportunity for future rent increases.