Listed by SVN | Cornerstone
$425,000
Hogan Duplex and Storage Units
Details
APN 35092.0606
Property Type Multifamily
Sub Type Duplex
Square Footage 3,438
Units 2
Cap Rate 4.69%
NOI $19,923
Price per SqFt $124
Broker Co-Op Yes
Year Built 2004
Buildings 1
Stories 1
Acreage 0.230
Zoning RMF
High-upside Spokane duplex with below-market rents, multiple income streams, and recent upgrades
Marketing description
SVN Cornerstone is pleased to present the Hogan Duplex and Storage Units for sale located at 3024 N Hogan St in
Spokane. The Hogan Duplex and Storage Units consist of two 2 bedroom 1 bathroom units in the duplex and 2 storage
units on the same lot.
Investment highlights
- Opportunity for Residential Financing – Qualifies for attractive residential financing with lower down payment options and favorable loan terms, increasing accessibility and overall return potential
- Rental Upside – Current rents are below market with the ability to increase to approximately $1,350, providing immediate income growth potential
- Diverse Income Streams – Duplex units combined with additional storage units provide multiple sources of income and reduced vacancy risk
- Strong Location – Situated in a desirable Spokane location with access to employment, schools, and amenities, supporting consistent rental demand and long term stability
- Recent Capital Improvements – New roof in 2022 and updated heaters help reduce near term capital expenditures and improve operational stability
Listing Contacts
Listed by SVN | Cornerstone
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$19,923.00
$1,660.25/mo
Valuation Metrics
0
DSCR
4.69%
Cap Rate
4.69%
ROI
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