Property Details

This mixed-use investment property generates $8,695 per month in current rental income and features annual rent increases on both retail leases. The property includes six individual units plus a fenced yard with alley access, offering additional flexibility for tenants. Current rents are below market, providing a clear value-add opportunity through future rent growth.Recent capital improvements include a new roof, while the surrounding neighborhood continues to see ongoing revitalization and redevelopment. The property also benefits from new sidewalks and water/sewer stubs, enhancing its long-term development potential. Residential units feature views of downtown Spokane and Riverfront Park, and each include their own washer/dryer. The location also offers convenient access to the University District and is within walking distance of downtown, making it an attractive investment in one of Spokane's emerging urban corridors.Flyer – https://listings.ltrealestateco.com/209-e-sprauge