518 S Elm St, Spokane, WA 99220
518 S Elm St, Spokane, WA 99220
518 S Elm St, Spokane, WA 99220
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Listed by Alena Kanifolsky • Kelly Right Real Estate of Spokane
$419,900
Est. payment /mo
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6,500 SqFt
New

518 S Elm St Spokane, WA 99220

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Jonathan Biron

Jonathan Biron

+1(818) 903-9078

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 6,500 sqft

Price per Sqft $64

MLS Listing ID 202624145

Style Contemporary

Year Built 1901

Lot Size 3,049 Sqft

Lot Dimensions 0.07

Property Sub-Type Residential Income

Property Description

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.

Location

State WA

County Spokane

Rooms

Basement Full, Finished, Daylight, Laundry, Walk-Out Access

Interior

Heating Electric, Baseboard

Exterior

Parking Features None

Amenities Available None

View Y/N true

View City

Roof Type Composition

Building

Lot Description Fenced Yard, Level, Open Lot, Cul-De-Sac, Oversized Lot

Story 2

Architectural Style Contemporary

Structure Type Brick Veneer,Siding

Schools

Elementary Schools Roosevelt

Middle Schools Sacajawea

High Schools Lewis & Clark

School District Spokane Dist 81

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Nearby Locations

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Jonathan Biron

Jonathan Biron

Broker License ID: 120755

+1(818) 903-9078

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518 S Elm St