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1239 First St

Cheney, WA 99004
  • $550,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: 202512932
UPDATED: 29 min ago
$550,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,832
    SQFT
  • $194
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1975
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

This fully occupied fourplex is a turnkey investment with strong cash flow and excellent equity potential! Featuring spacious bedrooms, abundant natural light, updated kitchens & bathrooms, and modern flooring, each unit offers comfortable living. Tenants enjoy a huge shared front yard, perfect for BBQs and water balloon fights, bringing a true sense of community! Recent 2023 renovations have enhanced the property, with room for further improvements to increase equity and rental income. Shared laundry facilities add convenience, while its prime location near bus routes ensures easy commuting. This is a fantastic opportunity for investors and owner-occupants, possibly eligible for FHA, 203K FHA, and VA financing, don't miss out!

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© 2025 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2025-03-28T12:20:33.173.
www.allspokanehomes.com/homes/161255782
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1239 First St Cheney, WA 99004

  • Price: $550,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 29 min ago
  • ID#: 202512932
0
Beds
0
Baths
0
½ Baths
0.18
Acres
2,832
SQFT
$194
$/SQFT
1975
Built
Neighborhood:
A420/097
County:
Spokane
Area:
A420/097
Elementary School:
Betz
Middle School:
Cheney Midle
High School:
Cheney
School District:
Cheney
Property Description
This fully occupied fourplex is a turnkey investment with strong cash flow and excellent equity potential! Featuring spacious bedrooms, abundant natural light, updated kitchens & bathrooms, and modern flooring, each unit offers comfortable living. Tenants enjoy a huge shared front yard, perfect for BBQs and water balloon fights, bringing a true sense of community! Recent 2023 renovations have enhanced the property, with room for further improvements to increase equity and rental income. Shared laundry facilities add convenience, while its prime location near bus routes ensures easy commuting. This is a fantastic opportunity for investors and owner-occupants, possibly eligible for FHA, 203K FHA, and VA financing, don't miss out!
Exterior Features

Carport Spaces 0 Construction Materials Wood Lot Features LevelHillsideCorner Lot Parking Features Off Site Parking Total 3 Road Frontage Type City StreetGravel Roof Composition Shingle

Interior Features

Additional Dining Features Informal Additional Primary Bedroom Features Dbl Clst Appliances Free-Standing RangeRefrigerator Basement Crawl Space Basement YN No Heating ElectricBaseboard

Property Features

Additional Parcels YN Yes Association Amenities LaundryPlay Area Building Area Total 2832 High Speed Internet Yes Listing Terms FHAVA LoanConventionalCashExchangeFHA Rehab 203kUSDA/RD Property Sub Type Rental Structure Type One Story Tax Annual Amount 4634.2 View City Water Sewer Expense 1791

Listing provided courtesy of Touchstone Real Estate Group: .


© 2025 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2025-03-28T12:20:33.173.
 
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Synergy Properties
706 W. Garland Avenue
Spokane WA, 99205