6017 Driscoll Blvd Spokane, WA 99205
- Residential income homes
- 2,050 SF
Current Use by Public Records
- Residential income homes
Property Details for 6017 Driscoll Blvd
- Year built
- 1951
- Property size
- 2,050 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a meticulously maintained, single-family rental property located at 6017 N Driscoll Blvd., Spokane, WA 99205. Boasting a spacious 2,050 square feet, this two-story home features four bedrooms and two bathrooms, offering ample living space for tenants. Recent renovations in 2022 included kitchen and bathroom updates, fresh paint, a new furnace, and a new water heater, ensuring both comfort and low maintenance for the owner. The property also includes two living rooms, adding to its appeal. Outdoor amenities are equally impressive, with a fully fenced backyard featuring mature grape vines, a chicken coop, and ample space for recreational vehicles or other equipment. Its convenient location in the Shadle area provides easy access to schools, shopping centers, the VA hospital, and the Dwight Merkel Sports complex. Currently rented at 100% occupancy, this property generates a strong net operating income (NOI) of $21,540, resulting in a 5.90% cap rate. The asking price is $364,899, representing a price per square foot of $178 and a price per unit of $364,899. Built in 1951, this Class C property represents a solid investment opportunity in a desirable Spokane location. The property is a net lease investment. Ten minutes from a boat launch and ORV park.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.47445760281
- Latitude
- 47.713499705762
