802 E Baldwin Ave, Spokane, WA 99207

Description

$5,470/month in current gross rents! This 6-unit Spokane investment property generates approximately $65,640/year in gross rental income at the current rent roll. Unit mix includes three 1-bedroom/1-bath units, two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, providing six separate income streams and a diverse tenant mix. Offered at $539,000, that's under $90,000 per unit with an 8.21 gross rent multiplier. Property also includes a 3-car garage and sits on a corner lot in the Logan neighborhood near Gonzaga, downtown and area amenities. An opportunity to acquire an established multifamily property with substantial existing income and potential for future improvem...