Description
Welcome to an exceptional investment opportunity in Spokane Valley. This expansive 1.05-acre parcel, zoned for Multi-Family Residential (MFR), is perfectly positioned in a highly sought-after area, offering unparalleled potential for future development, including the option to build up to 22 units per acre.The property features a beautifully renovated 1904 home complete w/ new furnace & modern updates throughout. The home boasts a spacious kitchen & living area w/ 3 bedrm perfect for gatherings, & a charming masonry fireplace that adds warmth & character. Alongside the main residence, you'll find a spacious 30x40 shop with a powder bath & 1,200 sqft ADU. The shop offers flexibility, as it could easily be converted to add a single studio apartment while preserving half the shop space & the existing ADU, providing additional rental income or living options. This parcel offers the flexibility to divide the lot or pursue a larger-scale development by catering to a variety of investors. 2 storage shed with power
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3BEDS
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1.05ACRES
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2BATHS
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01/2 BATHS
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3,236SQFT
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$201$/SQFT
School Information
Description
Welcome to an exceptional investment opportunity in Spokane Valley. This expansive 1.05-acre parcel, zoned for Multi-Family Residential (MFR), is perfectly positioned in a highly sought-after area, offering unparalleled potential for future development, including the option to build up to 22 units per acre.The property features a beautifully renovated 1904 home complete w/ new furnace & modern updates throughout. The home boasts a spacious kitchen & living area w/ 3 bedrm perfect for gatherings, & a charming masonry fireplace that adds warmth & character. Alongside the main residence, you'll find a spacious 30x40 shop with a powder bath & 1,200 sqft ADU. The shop offers flexibility, as it could easily be converted to add a single studio apartment while preserving half the shop space & the existing ADU, providing additional rental income or living options. This parcel offers the flexibility to divide the lot or pursue a larger-scale development by catering to a variety of investors. 2 storage shed with power
© 2024 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 2024-10-05T15:20:42.103.