Single Family Home · Spokane, WA

5397 N Lincoln St, Spokane, WA 99205

$509,000 Active MLS® 202620767 Single Family Home
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ActiveMLS® 202620767
$509,000
5397 N Lincoln St, Spokane, WA 99205
4 Bds 3 Ba 1,756 Sq.Ft. 0.07 Ac
Description

Brand-new 2-unit home, now complete, with a potential effective monthly payment around $1,300 when living in the 1 bedroom unit! This beautifully finished home has 2 distinct units: a 3 bed, 2 bath with a tenant already in place (paying $1,995/month plus all utilities); and a comfortably sized 1 bed / 1 bath residence. That's built-in income covering the bulk of your payment from day one! Efficiently laid out & spacious, with all amenities on one level. Being a duplex adds flexibility beyond a home with an ADU (separate meters, financing advantages, etc.), making it easy to hold as a long-term investment. Look at the numbers: occupy the 1BR & keep the 3BR tenant - P&I payment should be around $900/mo (based on 10% down & 6.5% ratemaking it easy to hold as a long term investment. If you’re looking for a lower payment, don’t settle for a smaller, older home with constant repairs. Use the affordability hack they’ve done for years in Seattle & Portland. Buy new, build equity, and let the second unit work for you!

Interior Features
  • Additional features
  • Utilities Cable Available
  • Air conditioning Central Air
  • Basement description Crawl Space, None
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.07
  • Lot description Fencing, Sprinkler - Automatic, Level, Surveyed
Exterior Features
  • Body of water
  • View
  • Pool
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.07
  • Lot description Fencing, Sprinkler - Automatic, Level, Surveyed
  • Foundation
  • Exterior
  • Roofing materials Composition
Location