SamMatthews
BEDS4
BATHS3
SQUARE FEET2,002
MLS#202622528
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSpokane Dist 81
Property Description
Cash-Flowing Triplex with Value-Add Potential! Fully occupied and producing $3,275 per month in gross rental income ($39,300 annually), this investment property offers immediate returns and long-term upside. The unit mix includes one 2-bedroom unit and two 1-bedroom units with established rents of $1,400, $1,000, and $875 per month. Great South hill location! Investors will appreciate the opportunity to further increase returns through future rent adjustments, property enhancements, improved operational efficiencies, and potential basement unit expansion. With tenants already in place and income from day one, this property checks the boxes for investors seeking both stability and growth. New roof in 2019 and new vinyl windows in 2025. Rare opportunity to acquire a performing asset with existing cash flow and multiple strategies for increasing value and maximizing ROI. Showings available with accepted offer. AI was used to remove tenant personal items. Buyer and buyers agent to verify all information.
Property Features
Property Type: Multi Unit - Multiple
Basement: Laundry, Walk-Out Access
Basement: Yes
Roof Type: Composition
Stories: 2.0
Year Built: 1906
Feature Descriptions
Association Amenities: Laundry, Storage
Days on Site: 9
Exterior: Wood Siding
Fireplace: Masonry, Woodburning Fireplce
Heating/Cooling: Natural Gas, Electric, Forced Air, Baseboard
Lot: City Bus (w/in 6 blks)
Parcel#: 25244.1502
Parking: None
Parking Space(s): 0
SQ. FT. Total: 2002
Local Schools
High School: Lewis & Clark
Middle School: Sacajawea
Elementary School: Roosevelt
School District: Spokane Dist 81
Listed By / Shown By
Listed By
Agency Name: Kelly Right Real Estate of Spokane
Shown By
Agent Name: Sam Matthews
Agent Phone: (208) 597-3028
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 1,132.50 per month $1,001.28 Principal & Interest $0.00 Property Tax (data not provided by mls) $131.22 Homeowner's InsuranceChange Payment Information
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1112 S Ash St | MLS# 202622528
This multi-family property located at 1112 S Ash St, Spokane, WA 99204 is currently listed for sale with an asking price of $449,900. S Ash St is located within the Spokane Dist 81 school district. Search Spokane real estate on smatthews.cbspokane.com today.