NOT LISTED FOR SALE

5 2nd St Cheney, WA 99004

8 Beds
4 Baths
2,496 Sq Ft
6,000 Sq Ft Lot

Last Sold March 08, 2023

Last sale price $650,000 $260 Per Sq Ft

5 Days on Market

About This Home

As of March 2023

Perfect Owner Occupied opportunity or Investment opportunity in a prime college town location! This newer 4-plex, built in 2000, offers four units, each featuring 2 bedrooms and 1 bathroom, a dishwasher, and in-unit washer and dryer. With rents currently significantly under market value, this property offers great potential for income generation. Ideal for student housing, rental income or even owner occupied. Live in one unit and rent out the other three. The newer building features and amenities will appeal to tenants. There is plenty of parking available on the property. Don't miss out on this chance to own a piece of the college town market. Schedule a showing today! This property will qualify for FHA owner occupied with as little as 3.5% down. Buyer to verify information with lender. Property is currently rented and generating $3200 a month.

Last Agent to Sell the Property

Kristi Kerkuta

REAL Broker LLC License #95892 Listed on: 01/26/2023

REAL Broker LLC

Co-Listed By

Dawn Ellis

REAL Broker LLC License #140759

Last Buyer's Agent

MISC MISC

NON MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,178

Year Built

  • Built in 2000

Lot Details

  • 6,000 Sq Ft Lot
  • Level Lot
  • Sprinkler System

Parking

  • Off-Street Parking

Home Design

  • Composition Roof
  • T111 Siding

Interior Spaces

  • 2,496 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Kitchen

  • Free-Standing Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Schools

  • Betz Elementary School
  • Cheney Middle School
  • Cheney High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 13133.0108

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,300
  • Water Sewer Expense $185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,178

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Year Built: 2000
  • Lvt Date: 01/26/2023
  • Common Interest Community: No
  • Geo Address Line: 5 2nd St
  • Geo Primary City: Cheney
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 1/26/2023 9:37:04 PM
  • Geo Zoom Level: 15
  • Sr High: Cheney
  • Jr High: Cheney MS
  • Allow Public Comments: Yes
  • High Speed Internet Avail: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Approx Sq Ft: 2496
  • Price Per Sq Ft: 260.42
  • Number of Stories: 2
  • Basement: Crawl
  • Features: Breakers
  • Kitchen Appliances: Fr Stnd Rng, D/W, Refrig, Washer, Dryer
  • Estimated Unit D Sq Ft: 624
  • Number of Ranges: 4
  • Number of Refrigerators: 4

Exterior Features

  • Exterior: T-111
  • Roof: Comp

Garage/Parking

  • Carport Size: 0
  • Garage Parking: Off St Prkg
  • Garage Size: 0

Utilities

  • Heating/Cooling: El Wall Unit
  • Power Company: Cheney
  • Water Company: Cheney

Schools

  • School District: Cheney
  • Elementary School: Betz

Lot Info

  • Acres Mol: 0.14
  • Estimated Lot Sq Ft: 6000
  • Loc Dir E W: W
  • Loc Dir N S: S
  • Loc Numberblk E W: 107
  • Estimated Lot Dimension Depth: 60
  • Estimated Lot Dimension Front: 100
  • Lot Information: Spr Sys, Level
  • Parcel Number: 13133.0108
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Loc Numberblk N S: 176
  • Multiple Parcels: No

Tax Info

  • Taxes: 3178

Multi Family

  • Number Of Units: 4
  • Number Units A: 1
  • Number Units B: 1
  • Number Units C: 1
  • Number Units D: 1
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Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2023 03/08/23 Sold $650,000 -7.1% $260 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $700,000 -- $280 / 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 $6,096 $545,300 $50,000 $495,300
2024 $6,096 $553,600 $84,000 $469,600
2023 $4,519 $466,100 $84,000 $382,100
2022 $3,179 $540,100 $48,000 $492,100
2021 $3,585 $313,800 $48,000 $265,800
2020 $3,515 $288,300 $48,000 $240,300
2019 $3,277 $282,600 $48,000 $234,600
2018 $3,768 $283,000 $48,000 $235,000
2017 $3,410 $283,000 $48,000 $235,000
2016 $3,298 $263,600 $48,000 $215,600
2015 $3,247 $264,000 $48,000 $216,000
2014 -- $264,000 $48,000 $216,000
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202310858

Spokane Association of REALTORS®

APN: 13133.0108