NOT LISTED FOR SALE
8 Beds
4 Baths
11,520 Sq Ft
32,670 Sq Ft Lot

Last Sold March 09, 2022

Last sale price $1,900,000 $165 Per Sq Ft

10 Days on Market

Highlights

  • City View
  • Oversized Lot
  • Baseboard Heating
  • 0.75 Acre Lot
  • Cooling System Mounted In Outer Wall Opening
  • Laundry Facilities

About This Home

As of March 2022

Investment Opportunity! Recently updated apartment complex located in Spokane Valley with close access to I-90. Buildings have great financials. All 12 units are 2 beds/1bath, 960 sq ft, for a total of 11,520 SF, and contains a dishwasher, refrigerator, and a range oven. The property has 2 buildings with 6 units each and 12 carport slots with additional off-street parking. Both buildings have a community laundry room. Don't miss out on this premier opportunity!

Last Agent to Sell the Property

Joel Elgee

Avalon 24 Real Estate License #27675 Listed on: 12/10/2021

Last Buyer's Agent

MISC MISC

NON MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,304

Year Built

  • Built in 1968

Lot Details

  • 0.75 Acre Lot
  • Oversized Lot
  • Lot Has A Rolling Slope

Home Design

  • Composition Roof
  • T111 Siding

Interior Spaces

  • 11,520 Sq Ft Home
  • 3-Story Property
  • City Views
  • Free-Standing Range

Parking

  • 4 Carport Spaces
  • Assigned Parking

Schools

  • Broadway Elementary School
  • North Pines Middle School
  • University High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 45153.3107

Community Details

Overview

  • 12 Units
  • Opportunity Brewsters Sub Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Community Deck or Porch
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,304

Year Built

Built in 1968

Lot Details

0.75 Acres

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Year Built: 1968
  • Zone: MFR
  • Style Of Construction: 3 Level
  • Lvt Date: 12/10/2021
  • Common Interest Community: No
  • Geo Address Line: 12419 E Riverside Ave
  • Geo Primary City: Spokane Valley
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 12/11/2021 12:50:01 AM
  • Geo Zoom Level: 15
  • Sr High: University
  • Year Renovated: 2021
  • Jr High: North Pines
  • Allow Public Comments: No
  • Subdivision/Development: Opportunity Brewsters Sub
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Approx Sq Ft: 11520
  • Price Per Sq Ft: 164.93
  • Number of Stories: 3
  • Kitchen Appliances: Fr Stnd Rng, Refrig
  • Estimated Unit D Sq Ft: 960
  • Number of Ranges: 12
  • Number of Refrigerators: 12

Exterior Features

  • Exterior: T-111
  • Roof: Comp

Garage/Parking

  • Carport Size: 4+
  • Garage Parking: Carport, Asigned Sp
  • Garage Size: 0
  • Number Carports: 12
  • Number Parking Spaces: 12

Utilities

  • Heating/Cooling: Elec, Basebd, Wall A/C
  • Power Company: Modern
  • Water Company: Modern

Condo/Co-op/Association

  • Amenities: Deck
  • Common Amenities: Lndry

Schools

  • School District: Central Valley
  • Elementary School: Broadway

Lot Info

  • Acres Mol: 0.75
  • Estimated Lot Sq Ft: 32754
  • Loc Dir E W: E
  • Loc Numberblk E W: 159
  • Lot Information: Rolling, Oversized, CC & R
  • Lot View: City
  • Parcel Number: 45153.3107
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Loc Numberblk N S: 1
  • Multiple Parcels: No

Tax Info

  • Taxes: 11304.5

Multi Family

  • Number Air Cond: 12
  • Number Of Units: 12
  • Number Units A: 2
  • Number Units B: 2
  • Number Units C: 2
  • Number Units D: 2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/09/2022 03/09/22 Sold $1,900,000 -13.4% $165 / Sq Ft
12/20/2021 12/20/21 Pending -- -- --
12/10/2021 12/10/21 For Sale $2,195,000 +251.2% $191 / Sq Ft
02/26/2016 02/26/16 Sold $625,000 -5.3% $54 / Sq Ft View Prior Sale
02/15/2016 02/15/16 Pending -- -- --
02/15/2016 02/15/16 For Sale $660,000 -- $57 / Sq Ft
Source: Spokane Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,908 $1,548,800 $262,030 $1,286,770
2024 $17,908 $1,669,900 $229,280 $1,440,620
2023 $12,679 $1,784,200 $229,280 $1,554,920
2022 $9,272 $1,304,700 $229,280 $1,075,420
2021 $11,305 $898,400 $131,020 $767,380
2020 $9,372 $753,400 $131,020 $622,380
2019 $8,303 $694,820 $131,020 $563,800
2018 $8,698 $605,100 $131,020 $474,080
2017 $8,689 $615,900 $131,020 $484,880
2016 $5,951 $403,220 $131,020 $272,200
2015 $6,360 $424,820 $131,020 $293,800
2014 -- $447,900 $81,800 $366,100
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202125857

Spokane Association of REALTORS®
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