Multi Family Home
1112 S ASH St
Spokane, WA 99204
$449,900
ActiveMLS® 202622528
Cash-Flowing Triplex with Value-Add Potential! Fully occupied and producing $3,275 per month in gross rental income ($39,300 annually), this investment property offers immediate returns and long-term upside. The unit mix includes one 2-bedroom unit and two 1-bedroom units with established rents of $1,400, $1,000, and $875 per month. Great South hill location! Investors will appreciate the opportunity to further increase returns through future rent adjustments, property enhancements, improved operational efficiencies, and potential basement unit expansion. With tenants already in place and income from day one, this property checks the boxes for investors seeking both stability and growth. New roof in 2019 and new vinyl windows in 2025. Rare opportunity to acquire a performing asset with existing cash flow and multiple strategies for increasing value and maximizing ROI. Showings available with accepted offer. AI was used to remove tenant personal items. Buyer and buyer's agent to verify all information.
Interior
- Appliances Free-Standing Range, Dishwasher, Refrigerator
- Fireplace description Masonry, Woodburning Fireplce
- Basement Laundry, Walk-Out Access
- A/C Wall Unit(s)
- Heating Natural Gas, Electric, Forced Air, Baseboard
Exterior and Construction
- Roofing Composition
- Construction Two Story
Land and Lot
- Lot size 0.06 acres (2,683 sq ft)
- Lot description City Bus (w/in 6 blks)
HOA and Community
- Amenities Laundry, Storage
Location and Zoning
- Road/Access City Street, Private Road
- County Spokane
- Neighborhood Cliff/Cannon
- Zoning 25244.1502
Schools
- High School Lewis & Clark
- School District Spokane Dist 81
- Elementary School Roosevelt
- Junior High School Sacajawea
Tax and Legal
- Parcel number 25244.1502
Parking and Garage
- Parking Parking spaces: 0
Listing Information
- Listing Agent
- Chris Patton
- Listing Office
- Kelly Right Real Estate of Spokane
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