Spokane Triplex Fixer - Wholesale Deal
Triplex, major fixer, with great cash flow potential and equity in the heart of Spokane.
Address: 520 W Sinto Ave, Spokane WA 99201 Purchase Price: $70,000 Rehab Costs, est: $60k - 80k
Resale Value, est: $195k - 210k+
Prop Tax, est: $200/mo
Insurance, est: $120/mo
Gross Rent, est: $2,200 ($700 x 3)
Cash Flow, est: $1,780 (minus any mortgage payments)Instant Equity Potential: $45 - 80k
Property Stats:
Currently a 3 unit, 5 bed, 3 bath with around 2,100 sqft.
All of the units and common areas need major updating and there is a lot of junk in the property from previous tenants and squatters. The entire building is currently boarded up. You could fix and rent out long term, or the numbers may also work as a flip. Multiunit property is very hot with buyer's right now and could resell quickly for top dollar.
To secure this deal please complete all of your due diligence and deliver a check for $2,500, non-refundable deposit.
~ Happy Hunting!
- v/r -
Jacob Evans
CEO | Broker(509) 413-6539
Spokane's Superior Solutions LLC
601 W Maxwell Ave Ste #3Spokane, WA. 99201
Licensed Real Estate Services provided by4407 N Division St, Suite 200
Spokane, WA 99207
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Offering