3414 S REGAL ST
Diamond in the Rough!

43 Units on Spokane's So Hill has poor history and poor numbers, but lots of intrinsic value. Income and expenses are proforma. Roofs have been re-coated. New exterior paint included. Please verify sq footage. Potential GSI is $27,900/month.


Price:

$ 2,200,000    

Units:

43      

Sq Foot:

43,900      

Age:

1970      

Cost/Unit:

$ 51,162      

Cost/Sq Ft:

$ 50      


Unit Mix:
Number Bedrooms Baths
32 2 1
10 3 2
1 S 1

Gross Scheduled Income:

$ 314,400

Gross Rent Multipler:

7.0

Operating Expense:

$ 153,349

*Taxes:

$ 22,781

Net Operating Income:

$ 129,611

Capitalization Rate:

*Taxes are included in operating expense

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SCHNEIDMILLER REALTY
2000 Northwest Blvd
Coeur d'Alene, ID 83814


208 765-4300
800 829-2555
509-255-5155