1239 1st St, Cheney, WA 99004
Spokane County
Key Facts
Description
This fourplex is a turnkey investment with strong cash flow and excellent equity potential! 2: 2-bed one-bath, 2: 1-bed one-bath units feature spacious bedrooms, abundant natural light, updated kitchens & bathrooms, and modern flooring. The tenants enjoy a massive shared front & back 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 on the 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!
Property Information
Property Type
Residential Income
Year Built
1975
Living Area
2,832 sq ft
Lot Size
0.42 acres
Parking Spaces
3
Zoning
R
Days on Market
7
MLS® Listing#
202613291
Property Features
Interior
Appliances
Heating
Basement
Parking
Lot Features
Construction
Roof
Schools
- Elementary:
- Betz
- Middle:
- Cheney Midle
- High:
- Cheney
Financial Details
Annual Taxes
$5,227
Parcel Number
13124.1701
Directions
From I-90, take exit 270. Follow LT. Col Michael P. Anderson Memorial Hwy into Cheney. Continue to pass both traffic lights; the fourplex will be on your left.
Affordability Calculator
$119,980
Estimated monthly payment
$3,193/mo
Principal $479,920 · Est. interest $669,531 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cheney, WA
- $485,965
- Median Listing Price
- 45
- Median Days on Market
- 1,889
- Median Sq Ft
- $231
- Median Price / Sq Ft
- 135
- Active Listings
- This home’s price is 23% above the area median.
- Its price per sq ft is 8% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cheney, WA.
Location
Getting Around
Points of Interest in Cheney, WA
Showing the Cheney area map.
Nearby Schools
Cheney High School
Secondary · 0.5 mi away
Betz Elementary School
Elementary · 0.5 mi away
Three Springs High School
Secondary · 0.5 mi away
Ewu Children's Center - Spokane YMCA
School · 0.9 mi away
University Preschool
School · 1.0 mi away
Cheney Middle School
Secondary · 1.1 mi away
Salnave Elementary School
Elementary · 1.5 mi away
Cheney Public Schools
Elementary · 3.6 mi away
Three Springs High School
Secondary · 3.6 mi away
Western States Engineers Training Institute
School · 6.7 mi away
Snowdon Elementary School
Elementary · 7.2 mi away
Medical Lake Middle School
Secondary · 7.3 mi away
Medical Lake School District Trans
School · 7.3 mi away
Hallett Elementary
Elementary · 7.3 mi away
Schools-Public Special Services
School · 7.7 mi away
Medical Lake High School
Secondary · 7.8 mi away
Medical Lake School District No 326
Elementary · 7.9 mi away
Windsor Elementary School
Elementary · 7.9 mi away
Martin Hall Detention Ctr
Secondary · 8.0 mi away
Westwood Middle School
Secondary · 8.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 713 Golden Hills Dr, Cheney, WA | $420,000 | 4 | 3 | 2,232 |
| 32917 S Williams Ave, Cheney, WA | $420,000 | 2 | 2 | 1,040 |
| 9714 W Caelen Ave, Cheney, WA | $421,000 | 4 | 3 | 2,128 |
| 307 Peach Tree Ct, Cheney, WA | $424,990 | 3 | 2 | 1,235 |
| 3290 Harvest Bluff Dr, Cheney, WA | $425,000 | 3 | 2 | 1,579 |
| 713 Condor Dr, Cheney, WA | $425,000 | 3 | 2 | 1,619 |
Moving Cost Estimate
EXIT Agents in Cheney
Listing Courtesy: Touchstone Real Estate Group - 5095599225