Number of Units:   1
Units Below Grade:   1
Features:   Patio

Financial
Electrical Expenses:   $3,378
Water/Sewer/Garbage:   $3,378
Insurance Expenses:   $1,513
Other Expenses:   $11,361
Total Expeses:   $27,572
Total Expenses:   $27,756
Total Monthly Income:   $5,715
Net Operating Income:   $43,452
Gross Adjusted Income:   $71,208
Gross Scheduled Income:   $71,208
Cap Rate (NOI / Listing Price):   $6.44
Gross Rent Multiplier:   $9.00

-= Building Details =-

Year Built:   1961
Effective Year Built:   1961
Effective Year Built Source:   Public Records
Building Condition:   Good
Number of Stories:   1
Amenities:   Coin Op Laundry
Roof:   See Remarks
Exterior:   Brick
Floor Covering:   See Remarks
Foundation:   See Remarks
Approx. Sq Ft:   5,820
Leased Items:   None

-= Unit Details =-

-= Site Details =-

Lot Size:   9,000 Sq Ft
Lot Size Source:   County Assessor
Lot Dimensions:   9000

Utilities
Energy Source:   Electric
Power Company:   Avista
Sewer Company:   City of Spokane
Water Company:   City of Spokane
Water Source:   Public

Parking
Number of Carport Spaces:   5
Number of Uncovered Parking Spaces:   1
Total Number of Parking Spaces:   6

-= Location Information =-

Address:   805 W Alice Avenue, Spokane, WA 99205
City:   Spokane
State:
Zip Code:   99205
Latitude:   47.68771500
Longitude:   -117.42402400
Driving Directions:   805 W Alice Ave, Spokane

-= Community Information =-

Community Name: Spokane
School District: Spokane

-= Assessor Information =-

County:   Spokane
Tax Number:   35063.3507
Zoning Jurisdiction:   City
Tax Amount:   $4,747   Tax amount may change after sale.
Tax Year:   2025

-= Purchase Information =-

Listing Price:   $675,000
Potential Terms:   Cash Out, Conventional
3rd Party Approval Required:   None
Possession Allowed:   Closing
Preliminary Title Ordered:   Yes

-= MLS Listing Details =-

Listing Number:   2372407
Listing Status:   Active
Listing Office:   Kidder Mathews
Listing Date:   2025-05-07
Original Listing Price:   $725,000
MLS Area:   Spokane County
Square Footage Source:   County Assessor
Lot Size Source:   County Assessor
Marketing Remarks:   Well-maintained, prime value-add opportunity in the highly desired market of Spokane. With room to push rents with as-is unit interiors as well as the opportunity to add additional 6th unit (2x1+Den), buyers are perfectly positioned to enhance operations to fully maximize returns.

-= Multiple Listing Service =-

-= Disclaimer =-

The information contained in this listing has not been verified by Katz Realty, Inc. and should be verified by the buyer.
* Cumulative days on market are days since current listing date.

Media

Site Tools