Current Use by Public Records
- Residential income homes
Property Details for 1211 Bismark Ave
- Year built
- 1939
- Property type
- Residential income homes
Description
This Spokane, WA property, located at 1211 W Bismark Ave, 99205, presents a compelling investment opportunity in the form of a single-family rental home. The property, built in 1939, is a one-story, Class C building with a total square footage of 608 square feet. Currently operating at 100% occupancy, this turnkey investment boasts a strong net operating income (NOI) of $14,700, yielding a 6.54% cap rate. The asking price is $224,900, translating to a price per square foot of $369.90 and a price per unit of $224,900. The home features one bedroom and one bathroom, and has undergone recent updates including a remodeled kitchen with updated cabinets, new stainless steel appliances, and updated flooring. A partially finished lower level provides additional space and ample storage. The property also includes an oversized, partially fenced backyard ideal for entertaining, and a detached garage with a shop area accessible from the alley. Its convenient North Hill location offers proximity to shopping, dining, and public transportation. This property is an excellent choice for investors seeking a stable, high-performing asset with immediate cash flow. The property's strong rental history and desirable location contribute to its attractive investment profile.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.429
- Latitude
- 47.7127
