Owner
$1,830,005
1227 W RIVERSIDE AVE, SPOKANE, WA
Quick Facts
owner occupied
No
vacant
No
corporate owner
Yes
beds
0
baths
0
sq. ft.
12,141
property type
Apartments (generic)
hoa
No
About
Residential
Building Quality C
Average Condition
Total Area
3 Stories
Steel
None
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1902
Building Size
12,141 sq ft
Lot Size
4,740 sq ft
Lot Size (Acres)
0.11 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
35183.1205
County
Spokane County, WA
Metro Area
Spokane-Spokane Valley, WA
Zoning
DTG
Neighborhood/Subdivision
RES&ADD SPOKANE FALLS
Lot Number
5
School District
Spokane Public Schools
Legal Description
RES&ADD SPOKANE FALLS ALL N OF S80FT L5 B27
Tax & Value Information
Market Value (Total)
$1,575,400
Building Value
$1,442,680
Land Value
$132,720
Annual Property Tax
—
Tax Assessment Year
2024
Assessed Value
$1,575,400
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
4/25/2019
Recording Date
4/30/2019
Sales Document #
2019.6801356
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$70,811
Return on Investment
15.60%
After Repair Value
$2,013,006
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
Show Advanced Options
Analysis Details
Purchase Price
$1,647,005
Renovation Cost
$91,500
Closing Costs (buying)
$32,940
Holding Costs
$49,969
Selling Costs
$120,780
Total Investment
$453,841
After Repair Value (ARV)
$2,013,006
Total Costs
$1,942,194
Estimated Profit
$70,811
Cash Invested
$420,901
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
Map Filters
Key Amenities in the Area