Wholesale Deal - Duplex w/House Near Shadle! **Tour Saturday**

1 Reply

Price $229,000
Location 1608 W Shannon Ave, Spokane, WA, 99201
Property Details

Unit: 1

  • Current Rent: $0
  • Occupied: No
  • Bedrooms: 2
  • Bathrooms: 1.0
  • Square Footage: 1200

Unit: 2

  • Current Rent: $800
  • Occupied: Yes
  • Bedrooms: 3
  • Bathrooms: 1.0
  • Square Footage: 900

Unit: 3

  • Current Rent: $450
  • Occupied: Yes
  • Bedrooms: 2
  • Bathrooms: 1.0
  • Square Footage: 550

Lot Size: 6000

Here's another wholesale real estate deal from Jacob Evans and the team!
Rent ready with many updates.
Projected monthly cash flow of $1,200 after refi @ 5%

Contact me to tour the inside this Saturday!
509-413-6539
~ Financial Freedom Made Easy ~

A rent ready duplex AND a 1 bedroom house, on the same lot, are available for assignment.

Great location. All tenants are on month-to-month leases and due for rent increases

Comps - All multi-unit properties within the past 12 months within 1 mile of the subject property.
Google Map
County Info
Zillow Pictures
Additional Pictures

Address: 1608 W Shannon Ave, Spokane, WA 99205
Purchase Price: $229,000
Rehab Costs, est: $6,000 - $9,000
Closing Date: Jan 28th, 2019 or sooner
Cash Flow est: $1,150 - $1,250 per month

Current Gross Rents: $1,950
Unit A (3 bed, 1 bath): $750
Unit B (2 bed, 1 bath): $750
1 Bed House: $450

Projected Gross Rents: $2,650
Unit A: $1,100
Unit B: $800
House: $750

Notes:
- Properties could use minor updates.
- Cash or private financing only
- Do not disturb tenants
- Landlord currently pays water, sewer, garbage.
- All units are separately metered.
- Leases and security deposits will be transferred to buyer at closing.

To secure this deal please complete all of your due diligence and deliver or wire $5,000 non-refundable, earnest deposit.

~ Happy Hunting!

Hi Jacob!  Do you have any wholesale deals on Western side of WA?  

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