711 E Lake St Active Save Request In-Person Tour Request Virtual Tour
Medical Lake,WA 99022
Key Details
Property Type Multi-Family
Sub Type Rental
Listing Status Active
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $164
MLS Listing ID 202524217
Year Built 1939
Lot Size 0.300 Acres
Property Sub-Type Rental
Property Description
Attention Investors: This is your opportunity to get into a massive potential investment at a very reasonable price in a small city with future growth heading its way! Several directions possible with this purchase as it is located in a great neighborhood just blocks from town center. Currently has 3 buildings on a large corner. Property is kitty corner from the school and across from 2 churches. 1 building is a single-family home, 1 was previously a business that is ready to be converted back to a single-family home and 1 is a large shop. Was previously 2 parcels and can be put back to 2 separate parcels w/lot segregation. Currently zoned R1,but may be opportunity for the right commercial or change of designation with approval by city. Level lot would be ideal for new built of large home as well. Major potential to think outside of the box to maximize ROI on this one!
Location
State WA
County Spokane
Interior
Heating Electric,Forced Air
Exterior
Parking Features Detached,RV Access/Parking,Workshop in Garage,Off Site,Oversized
Garage Spaces 2.0
Amenities Available None
View Y/N true
Roof Type Composition
Building
Lot Description Level,Corner Lot,Oversized Lot
Structure Type Wood Siding,See Remarks
Schools
School District Medical Lake
Others
Acceptable Financing Conventional,Cash,Owner Financing,See Remarks
Listing Terms Conventional,Cash,Owner Financing,See Remarks