Spokane Triplex Fixer - Wholesale Deal

[Jacob Evans]

Triplex, major fixer, with great cash flow potential and equity in the heart of Spokane.

This property is currently boarded up, but will be open for showings this Thursday (May 17th) from 5:30 - 7pm. Feel free to stop by anytime within that 90 minute window to take a look.  

County Info

Comps - All 2-4 unit buildings, within 1/2 mile, going back 12 months.

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 #3

Spokane, WA. 99201

www.SpokaneSS.com

Licensed Real Estate Services provided by

4407 N Division St, Suite 200

Spokane, WA 99207

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[Shawn Conway]

Is this still available?