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$325,000/mo

864 S Sherman St, Spokane, WA 99202

  • 1,050 sqft
Rent shown is base rent as provided by the property owner or manager. Additional mandatory fees, deposits, or utilities may apply and are set by the property owner or manager.
  • Property Icon Rental
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $310/sqft
  • Property List Date Icon Listed 27 days ago

Property Description

ATTENTION INVESTORS: DUPLEX NEAR HOSPITALS AND PERRY DISTRICT. Start with or add this cash flowing rental property to your portfolio. Both units are 1BR/1BA with 525 sqft (1,050 sqft total). Both in good condition. Almost 100% occupied since Dec 2021. Solid tenants. Rents are currently $900 & $1,020 per month. Tenants pay Water/Sewer/Garbage. 2025 Gross Operating Income was $24,370.78; Total Operating Expenses were $4,281.91; Net Operating Income was $20,088.87, which at the current list price puts the Cap Rate at 6.181%.

Listing Status:
Active
Listing Office:
Keller Williams Spokane - Main : 509-703-8187
Listing Agent:
Rich King : 509-703-8187
MLS ID:
202527958
  • General: Windows Vinyl
  • Appliances: Free-Standing RangeRefrigeratorMicrowave
  • Basement: None
  • Heating: Natural GasForced Air
  • General: Stge Shd
  • Style: Ranch
  • Parking: Off Site
  • Roofing: Composition
  • General: One Story
  • Road/Access: City StreetPaved Road
  • HOA Amenities: None
  • Originating MLS: sarmls
  • School District: Spokane Dist 81
  • County: Spokane
  • Zoning: 35203.1414
  • Source: sarmls

This listing courtesy of Rich King, Keller Williams Spokane - Main

Location

Schools Nearby

R

Roosevelt Elementary School

333 W 14th Ave, Spokane, WA, 99204

Grades PK-5

0.62 miles away

S

Sacajawea Middle School

401 E 33rd Ave, Spokane, WA, 99203

Grades 6-8

1.52 miles away

L

Lewis & Clark High School

521 W 4th Ave, Spokane, WA, 99204

Grades 9-12

0.85 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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