NOT LISTED FOR SALE

828 W Cleveland Ave Unit 1111 E Newark Ave Spokane, WA 99205

Emerson Garfield Neighborhood
-- Bed
-- Bath
3,658 Sq Ft
8,300 Sq Ft Lot

Last Sold June 08, 2022

Last sale price $405,000 $111 Per Sq Ft

1 Day on Market

Highlights

  • Craftsman Architecture
  • Corner Lot
  • Laundry Facilities
  • North Central High School Rated A-
  • Baseboard Heating
  • High Speed Internet

About This Home

As of June 2022

Great opportunity to own 2 performing multi-family properties, 9 units in total! Huge upside in rents with a 14.3% pro-forma Cash on Cash ROI and 7.59% Cap rate! Current Gross rents bring in over $7k month with room for upside on MO/MO leases! Talk about cashflow! All tenants pay rent on time each month and prefer to stay. Cleveland, 5 unit building near Corbin Park and the senior center, is a very convenient location and easy to lease out. Units have beautiful hardwood floors and most have been updated in the last few years. Cleveland has on-site coin-op laundry facilities for tenants use. Newark is a 4 unit building and a very brief walk to the upcoming South Hill Perry District with shopping and dining abundance. Each unit has W/D in the units and are very spacious. BD/BA mix varies between the buildings, call LA for more details. Newark has off street parking for tenants. Ask your favorite agent, or call/text LA for the dropbox link to see all the uploaded photos and information for both properties.

Last Agent to Sell the Property

Lawrence Wilson

Extant Realty License #137749 Listed on: 03/23/2022

Co-Listed By

Cole Vinson

Extant Realty License #21030140

Last Buyer's Agent

Brandi Graham-Snow

Windermere North License #101592

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,318

Year Built

  • Built in 1903

Lot Details

  • 8,300 Sq Ft Lot
  • Permeable Paving
  • Corner Lot

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,658 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Parking

  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Storage Shed

Utilities

  • Baseboard Heating
  • High Speed Internet

Community Details

  • 9 Units
  • Laundry Facilities
  • Insurance Expense $3,400

Listing and Financial Details

  • Assessor Parcel Number 35072.1612

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,318

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Excluded Items: Any tenant owned items
  • Year Built: 1903
  • Style Of Construction: 2 Story
  • Lvt Date: 03/23/2022
  • Common Interest Community: No
  • Geo Address Line: 828 W Cleveland Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 3/23/2022 9:20:34 PM
  • Geo Zoom Level: 15
  • Year Renovated: 2019
  • Allow Public Comments: No
  • High Speed Internet Avail: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Approx Sq Ft: 3658
  • Price Per Sq Ft: 110.72
  • Number of Stories: 2
  • Basement: Partial, Unfinished
  • Basement: Yes
  • Design: Craftsman

Exterior Features

  • Exterior: Wood
  • Out Buildings: Stge Shd
  • Roof: Comp

Garage/Parking

  • Garage Parking: Off St Prkg, Asigned Sp, Permeable Drvway

Utilities

  • Heating/Cooling: Basebd
  • Power Company: Avista
  • Water Company: Spokane

Condo/Co-op/Association

  • Common Amenities: Lndry

Schools

  • School District: Spokane Dist 81
  • School District: Spokane Dist 81

Lot Info

  • Acres Mol: 0.19
  • Estimated Lot Sq Ft: 8300
  • Lot Information: Corner
  • Parcel Number: 35072.1612
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Additional Assessor Parcel Numbers: 35204.0306
  • Multiple Parcels: No

Tax Info

  • Tax Database Id: 1
  • Taxes: 3318
  • Assessor Parcel Number: 35072.1612

Multi Family

  • Number Of Units: 9

Range of Values:

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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 Change Sq Ft Price
06/08/2022 06/08/22 Sold $405,000 -50.9% $111 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $825,000 -- $226 / Sq Ft
Source: Spokane Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lawrence Wilson

    Seller's Agent in 2022

    Lawrence Wilson

    Extant Realty

    (509) 999-6231

    3 in this area

    65 Total Sales

    Section Image

  • C

    Seller Co-Listing Agent in 2022

    Cole Vinson

    Extant Realty

    (509) 598-5985

    1 in this area

    8 Total Sales

    Section Image
  • Brandi Graham-Snow

    Buyer's Agent in 2022

    Brandi Graham-Snow

    Windermere North

    (509) 435-7674

    6 in this area

    216 Total Sales

    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202212720

Spokane Association of REALTORS®

Washington Spokane County Spokane 99205 Emerson Garfield

828 W Cleveland Ave Unit 1111 E Newark Ave, Spokane, WA

This home is located at 828 W Cleveland Ave Unit 1111 E Newark Ave, Spokane, WA 99205 since 23 March 2022. This property was built in 1903. 828 W Cleveland Ave Unit 1111 E Newark Ave is a home located in Spokane County with nearby schools including Garfield Elementary School, North Central High School, and Glover Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Spokane Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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