About This Home
This 6-bedroom, 4-bathroom residential multi family at 518 S Elm St in Spokane, WA is listed for $249,900 ($38 per sqft). Built in 1901, the home offers 6,500 sqft of living space on a 0.07 acres lot.
Key Features
- Built in 1901
- 0.07 acre lot
- 2 stories
Property Details
Amenities
The property providing excellent potential for an investor owner-user, or developer. 3 parcel downtown Spokane assemblage with existing improvements and additional development land. Zoned DTG allowing for a variety of residential, office, retail, warehouse space and other mixed-use opportunities.
Total of three parcel of land comprising 13,336 sq ft. The building was affected by a fire and has a total living area of approximately 6,500 square feet. The third floor has moderate fire damage, primarily to the roof. The middle floor has been completely gutted down to the bare shell.
The bottom floor requires some minor repairs but is otherwise livable. The property also features existing utility infrastructure, including overhead power, and a 1 inch existing water line and a 6 inch concrete sewer conduit stub to the property. The existing infrastructure will support up to 12 units with the potential to support up to 24 units. The fiveplex sits on Modern Engineering Foundation 93 inches tall by 8 inch -thick.
Monthly Cost Estimate
$1,337/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
518 S Elm St
Spokane, WA 99220
Property Details
Construction
Views
Heating
Questions & Answers
This 6-bedroom, 4-bathroom residential multi family at 518 S Elm St is listed at $249,900 ($38/sqft). The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1901, 0.07 acre lot, 2 stories.
This property is listed by Alena Kanifolsky and can be reached at (509) 489-7000.