3270 Lincoln St Spokane, WA 99205-2800

Property Details for 3270 Lincoln St

Lot size

0.34 lot acres

Property size

10,200 SF

Property type

Apartment buildings

APN

35063.3513

APU

350633513

Description

This exceptional investment opportunity presents a meticulously maintained, ten-unit townhouse complex ideally situated in Spokane, WA, at 3270 N Lincoln St. Constructed in 2017, this property boasts a total of 10,400 square feet on a 0.14-acre lot. Each of the ten units offers 1,040 square feet of living space, featuring two bedrooms and two bathrooms. The thoughtfully designed floor plan includes a main floor living area, a half-bath, and a kitchen equipped with granite countertops and a full appliance package (stove, dishwasher, refrigerator, microwave, and in-unit washer/dryer). The second floor houses two bedrooms and a full bathroom, with laundry conveniently located in the hallway. High-efficiency gas furnaces and air conditioning units are installed in each unit, along with separate utility meters. The owner currently covers water, sewer, and garbage services through the City of Spokane, totaling $1,060 per month. Each unit generates a monthly rental income of $1,400. Adding to the property's income potential is a separate shop/garage space, including a single studio-style office with a kitchenette and full bathroom, plus two garage spaces, currently rented for $500 per month. The complex features durable hardy board exteriors, vinyl windows, electric water heaters, a sprinkler system, and a composite roof. The units are only seven years old, ensuring minimal maintenance needs and long-term value. This turnkey investment offers a strong return on investment with consistent rental income and a desirable location. The property is priced at $2,300,000.