NOT LISTED FOR SALE

2924 E Broad Ave Spokane, WA 99217

Hillyard Neighborhood
2 Beds
4 Baths
2,353 Sq Ft
6,534 Sq Ft Lot

Last Sold November 14, 2017

Last sale price $127,500 $54 Per Sq Ft

37 Days on Market

Highlights

  • Territorial View
  • Forced Air Heating System
  • Level Lot
  • Traditional Architecture
  • Baseboard Heating

About This Home

As of November 2017

Looking for Cash Flow?This 4 plex brings in $1690 in rent and is fully occupied. We calculate a 7.6% cap rate and 10% Cash on Cash return. This building features 4 units, 1 two bedroom and 3 one bedroom units. The units have had various updates done over the years and have upside in rents if just a few more updates were done. The big ticket items such as roof, siding and windows, heat systems are in good condition. 3 out of the 4 units are in a lease, and the other unit is going month to month.

Last Agent to Sell the Property

Jeff Hornberger

The Hornberger Group, LLC License #27912 Listed on: 08/25/2017

Last Buyer's Agent

Billy Deese

Deese Real Estate License #27657

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,217

Year Built

  • Built in 1948

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Hardboard

Interior Spaces

  • 2,353 Sq Ft Home
  • 2-Story Property
  • Territorial Views
  • Basement Fills Entire Space Under The House
  • Free-Standing Range

Utilities

  • Forced Air Heating System
  • Furnace
  • Baseboard Heating

Community Details

  • 4 Units
  • Water Sewer Expense $3,900

Listing and Financial Details

  • Assessor Parcel Number 36343.2904

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,217

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Year Built: 1948
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Level
  • Lot Size Acres: 0.15
  • Road Frontage Type: City Street, Paved Road
  • View Type:Pond View: Territorial
  • Reso Association Amenities: None
  • Co List Office Phone: 509-922-9250
  • MLS Status: Sold
  • Architectural Style: Traditional
  • Reso Structure Type: Two Story
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Finished
  • Appliances: Free-Standing Range, Refrigerator
  • Stories: 2

Exterior Features

  • Roof: Composition Shingle
  • Construction Type: Hardboard Siding

Garage/Parking

  • Parking Features: None

Utilities

  • Heating: Gas Hot Air Furnace, Electric, Forced Air, Baseboard

Fee Information

  • Annual Water Sewer Expense: 3900

Lot Info

  • Parcel Number: 36343.2904
  • Lot Size Sq Ft: 6534

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1217
  • Tax Database ID: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
11/14/2017 11/14/17 Sold $127,500 -1.9% $54 / Sq Ft
10/01/2017 10/01/17 Pending -- -- --
08/25/2017 08/25/17 For Sale $130,000 -- $55 / Sq Ft
Source: Spokane Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $3,605 $340,900 $65,000 $275,900
2024 $3,605 $363,200 $50,800 $312,400
2023 $3,089 $383,000 $50,800 $332,200
2022 $2,845 $315,600 $38,100 $277,500
2021 $2,098 $175,950 $19,050 $156,900
2020 $1,661 $134,050 $19,050 $115,000
2019 $1,430 $119,350 $19,050 $100,300
2018 $1,239 $88,800 $12,700 $76,100
2017 $1,217 $88,800 $12,700 $76,100
2016 $1,254 $89,500 $12,700 $76,800
2015 $1,281 $89,500 $12,700 $76,800
2014 -- $90,000 $12,700 $77,300
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Hornberger

    Seller's Agent in 2017

    Jeff Hornberger

    The Hornberger Group, LLC

    (509) 994-5007

    1 in this area

    143 Total Sales

    Jeff Hornberger
    Section Image
  • Billy Deese

    Buyer's Agent in 2017

    Billy Deese

    Deese Real Estate

    (509) 590-5603

    1 in this area

    80 Total Sales

    Billy Deese
    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 201723521

Spokane Association of REALTORS®

APN: 36343.2904

Washington Spokane County Spokane 99217 Hillyard

2924 E Broad Ave, Spokane, WA

Not Listed for Sale

MultiFamily

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