South Cedar Avenue South Hill Spokane

[Melissa Murphy]

Investment Info:

Large multi-family (5+ units) commercial investment investment in Spokane.

Purchase price: $237,500
Cash invested: $75,000

Older vintage home converted to a six plex on an oversized lot. Owner occupied unit. Offered just under asking price with 3 other offers on the table, but seller financing at 5.5% percent. Older seller like the secure monthly payment, and accepted.

What made you interested in investing in this type of deal?

House is situated on a large lot, with the option to add parking, laundry and storage downt he raod.