Spokane, WA 99202 864 S Sherman St
$325,000
16 more
Presented By: Keller Williams Spokane - Main;
Beds • 2
Baths • 2
SQFT • 1,050
Home Details
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%.
Presented By: Keller Williams Spokane - Main;
Interior Features for 864 S Sherman St
Other Interior Features
BasementNone
Basement (Y/N)No
Interior AmenitiesWindows Vinyl
General for 864 S Sherman St
Additional Parcels Y/NNo
AppliancesFree-Standing Range, Refrigerator, Microwave
Architectural StyleRanch
Association AmenitiesNone
CitySpokane
Construction MaterialsMasonite
CountySpokane
Elementary SchoolRoosevelt
Elementary School DistrictSpokane Dist 81
Garage Spaces
HeatingNatural Gas, Forced Air
High SchoolLewis & Clark
Listing TermsFHA, VA Loan, Conventional, Cash
Living Area1050
Lot Size Square Feet7100
Middle/Junior High SchoolSacajawea
Number Of Units Total2
Other StructuresStge Shd
Property SubtypeResidential Income
Property TypeResidential Income
RoofComposition
Standard StatusActive
StatusActive
Stories Count1
Structure TypeOne Story
Tax Annual Amount2843
Township25
Year Built1930
Exterior for 864 S Sherman St
Building Area Total1050
Lot FeaturesTreed, Level, Corner Lot, City Bus (w/in 6 blks), Oversized Lot, Fencing
Lot Size Acres0.16
Parking FeaturesOff Site
Road Frontage TypeCity Street, Paved Road
Additional Details
Price History
Schools
Middle School Sacajawea Middle School
High School Lewis & Clark High School
Elementary School Roosevelt Elementary School
John Fontaine
Realtor