NOT LISTED FOR SALE
3 Beds
3 Baths
10,800 Sq Ft
0.61 Acres

Last Sold June 15, 2023

Last sale price $2,260,000 $209 Per Sq Ft

31 Days on Market

Highlights

  • 0.61 Acre Lot
  • Great Room
  • 4 Car Attached Garage
  • Contemporary Architecture
  • Solid Surface Countertops
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of June 2023

Brand new construction 6 plex located in the heart of the Spokane Valley. Quick access to all areas of town including the colleges, universities, hospitals and freeway. The project is built in 2 buildings, with 3 townhome style units in each building. All units are identical with appx 1800 sq ft 3 bedroom, 2.5 bathroom and 2 car garages. Hardi board lap siding, Huntwood cabinets, Laminate floors on the main floor, carpet upstairs, stainless appliances and mini splits for HVAC. Rents in the area are approximately $2500-3000 per month. Completion date is estimated to be April/May of 2023. One building getting flooring and cabinets, will be completed April. Second building in sheetrock stage. Will work with your 1031 exchange. Sellers are licensed real estate agents in Washington state. Estimated Cap Rate to be 6.54%.

Last Agent to Sell the Property

Samantha Dallas

Windermere Valley License #122156 Listed on: 03/31/2023

Windermere Valley

Last Buyer's Agent

Karl Wilkinson

Kelly Right Real Estate of Spokane License #40423

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,000

Year Built

  • Built in 2023

Lot Details

  • 0.61 Acre Lot
  • Level Lot
  • Sprinkler System

Parking

  • 4 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof
  • Hardboard

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • 10,800 Sq Ft Home
  • 2-Story Property
  • Great Room
  • Dining Room

Kitchen

  • Breakfast Bar
  • Free-Standing Range
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops

Schools

  • Ness Elementary School
  • Centennial Middle School
  • West Valley High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • 200+ Amp Service

Listing and Financial Details

  • Assessor Parcel Number 45184.2103

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $3,600
  • Other Expense $7,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,000

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Year Built: 2023
  • Style Of Construction: 3 Level
  • Lvt Date: 03/31/2023
  • Common Interest Community: No
  • Geo Address Line: 8717 E Valleyway Ave
  • Geo Primary City: Spokane Valley
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 3/31/2023 4:53:04 PM
  • Geo Zoom Level: 15
  • Sr High: West Valley
  • Jr High: Centennial
  • Allow Public Comments: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Approx Sq Ft: 10800
  • Price Per Sq Ft: 209.26
  • Number of Stories: 2
  • Basement: Slab
  • Design: Contemp
  • Dining Room: Informal, Eat Bar
  • Family/Recreation Room: Great room
  • Features: 200 AMP
  • Kitchen Appliances: Fr Stnd Rng, D/W, Refrig, Kit Island, Hard Surface Counters
  • Primary Bedroom: Full Bath
  • Number of Ranges: 6
  • Number of Refrigerators: 6

Exterior Features

  • Exterior: Hardboard
  • Roof: Comp

Garage/Parking

  • Garage Parking: Attached
  • Garage Size: 4+
  • Number Garages: 6
  • Number Parking Spaces: 12

Utilities

  • Heating/Cooling: Elec, El Wall Unit
  • Power Company: Avista
  • Water Company: Hutchinson

Schools

  • School District: West Valley
  • Elementary School: Ness
  • Middle School: Centennial
  • High School: West Valley
  • School District: West Valley
  • Elementary School: Ness

Lot Info

  • Acres Mol: 0.61
  • Estimated Lot Sq Ft: 26401
  • Loc Dir E W: E
  • Loc Numberblk E W: 87
  • Estimated Lot Dimension Depth: 310
  • Estimated Lot Dimension Front: 84
  • Lot Information: Spr Sys, Level
  • Parcel Number: 45184.2103
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Loc Numberblk N S: 4
  • Multiple Parcels: No

Tax Info

  • Taxes: 12000

Multi Family

  • Number Air Cond: 6
  • Number Of Units: 6
  • Number Units A: 6

Range of Values:

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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
06/15/2023 06/15/23 Sold $2,260,000 -5.8% $209 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $2,400,000 -- $222 / Sq Ft
Source: Spokane Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202313101

Spokane Association of REALTORS®

APN: 45184.2103