2924 E BROAD Ave, Spokane, Washington
2924 E BROAD Ave, Spokane, Washington 99217 - 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.
Listing Courtesy of Homeland Realty Group, LLC