5 2nd St

Cheney, WA 99004 View Map $650,000 Ask a Question
Sq.Ft.2,496
Year2000

Farr Group NW

(509) 381-4846

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Status: Sold
Property Type:Rental
MLS #:202310858
Sq. Feet:2,496
Date Sold:3/8/2023
Lot Size:6,000 Sq. Ft.
County:Spokane
Perfect Owner Occupied opportunity or Investment opportunity in a prime college town location! This newer 4-plex, built in 2000, offers four units, each featuring 2 bedrooms and 1 bathroom, a dishwasher, and in-unit washer and dryer. With rents currently significantly under market value, this property offers great potential for income generation. Ideal for student housing, rental income or even owner occupied. Live in one unit and rent out the other three. The newer building features and amenities will appeal to tenants. There is plenty of parking available on the property. Don't miss out on this chance to own a piece of the college town market. Schedule a showing today! This property will qualify for FHA owner occupied with as little as 3.5% down. Buyer to verify information with lender. Property is currently rented and generating $3200 a month.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
3/15/2023$700,000$650,000-7.1%

Community Information

Address:5 2nd St, Cheney, WA 99004
County:Spokane
City:Cheney
Zip Code:99004

School Information

School District:Cheney
High School:Cheney
Middle School:Cheney Ms
Elementary School:Betz

Architecture

Year Built:2000
Stories:2
Construction Materials: Siding
Roof: Composition Shingle
Basement: Crawl Space

Features / Amenities

Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
Parking Features: Off Site
Parking Total: 1300
Heating: Ductless
Number of Air Conditioners: 4

Property Features

Lot Size: 0.14 Acres / 6,000 Sq. Ft.
Lot Features: Sprinkler - Automatic, Level
Road Frontage: City Street, Paved Road

Tax and Financial Info

Tax Annual Amount: $3,178
Water / Sewer Expense: $185
Listing Terms: FHA, VA Loan, Conventional, Cash

Schools

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Listing Information Last Updated 2/23/2024
Listing provided courtesy of 4 Degrees Real Estate.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Farr Group NW are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.