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Listed by Steven Kepler • Windermere Liberty Lake

$500,000

Est. payment - /mo

2,186 SqFt

New

10 S Greenacres Rd Spokane Valley, WA 99016

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John Sheppard

[email protected] +1(509) 263-2099

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Key Details

Property Type Multi-Family

Sub Type Rental

Listing Status Active

Purchase Type For Sale

Square Footage 2,186 sqft

Price per Sqft $228

MLS Listing ID 202514892

Style Rancher

Year Built 1924

Lot Size 0.390 Acres

Lot Dimensions 0.39

Property Sub-Type Rental

Property Description

Turnkey Duplex in Spokane Valley's CV district! This property features 4-bed/2-bath unit one side and a 1-bed/1-bath on the other ideal for owner-occupied investor. Updates include a 50-year roof w/ 25-year workmanship guarantee (transferable), fiber cement siding, paint, gutters, insulation (attic & basement), all-new electrical & panels, updated plumbing, 99% gas efficient furnaces, A/Cs, and water heaters for both sides. In 2021, the 4-bed unit was taken to the studs fully remodeled down. The 4-bed unit has quartz counters throughout, tile backsplash, LVP flooring, new bathroom, soft-close cabinets, a kitchen island, appliances, & cordless blinds. The 1-bed unit has newer flooring, a new shower, fresh paint, and a covered porch. The fenced yard is sectioned yard providing private spaces for each side, fully sprinkled. Oversized lot offers potential to subdivide, build, or add a shop/garage. Separate meters. Leases end 4/30/25. I have qualified tenants lined up to avoid any vacancy. Projected 7.33% CAP Rate

Location

State WA

County Spokane

Rooms

Basement Finished, Rec/Family Area, Laundry, Walk-Out Access

Interior

Interior Features In-Law Floorplan

Heating Gas Hot Air Furnace, Forced Air

Cooling Central Air

Fireplaces Type Masonry

Appliance Free-Standing Range, Gas Cooktop, Dishwasher, Refrigerator, Microwave, Kit Island, Washer, Dryer, Hard Surface Counters

Exterior

Parking Features Workshop in Garage, None

Amenities Available Laundry

View Y/N true

Roof Type Composition Shingle

Total Parking Spaces 10

Building

Lot Description Fencing, Cross Fncd, Sprinkler - Automatic, Level, Corner Lot

Architectural Style Rancher

Structure Type Fiber Cement

Schools

Elementary Schools Greenacers

Middle Schools Greenacres

School District Spokane Valley

Others

Acceptable Financing FHA, VA Loan, Conventional, Cash

Listing Terms FHA, VA Loan, Conventional, Cash

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John Sheppard

BROKER/REALTOR | License ID: 122783

+1(509) 263-2099