2528 E Rowan Ave, Spokane - Seller Finance Deal
Sqft: 1,674 Lot: 6,875 sqft
Assignment Price: $230,000
ARV: $315,000
More Details Below
Seller Finance Rental or Owner-Occupant Opportunity
A rare opportunity to acquire a North Spokane property with attractive seller financing already in place. With low money down and a long amortization schedule, this deal offers strong affordability compared to conventional financing and creates multiple profitable exit strategies for both investors and owner-occupants.
The property can be rented immediately in its current condition for solid cash flow, or a buyer can complete a light cosmetic renovation to push rents toward top market value while building additional equity. Opportunities combining favorable financing terms with minimal renovation requirements have become increasingly difficult to find in today’s Spokane market.
Quick Property Facts
• North Spokane Location
• Single Family Residential
• Rental Ready Condition
• Light Value-Add Opportunity
• Sewer Scope Approved
Seller Finance Terms
• Purchase Price: $230,000
• Down Payment: $16,000
• Interest Rate: 5.6%
• 40-Year Amortization
• Estimated P&I Payment: ~$1,100/mo
• ARV: ~$315,000
• Estimated Rehab: ~$30,000
Light Value-Add Potential
Unlike many distressed investment properties requiring extensive capital expenditures, this property only needs light cosmetic improvements to maximize rental income and overall market value. Investors can avoid major renovation timelines and focus on quickly stabilizing the asset and increasing cash flow.
Strong Cash Flow Opportunity
With favorable seller financing terms and a low estimated monthly payment, the property presents strong long-term rental potential. The combination of low acquisition costs and minimal renovation requirements creates an attractive setup for investors seeking immediate or near-immediate cash flow.
Flexible Exit Strategies
• Traditional Long-Term Rental
• Light Fix-and-Hold
• BRRRR Refinance Strategy
• Owner-Occupant Opportunity
• Long-Term Appreciation Hold
COMPS:
Bring your vision — A rare opportunity to acquire a well-maintained Spokane property with attractive seller financing already in place.
For any additional questions or details please contact Nathan Hall at (509) 425-5952.
Disclaimer:
The property values, projections, zoning interpretations, density potential, and financial figures provided are for informational purposes only and represent rough estimates based on current market data and public information. Buyers and investors are strongly encouraged to conduct their own independent due diligence with Sonoma County and appropriate licensed professionals regarding zoning, permits, STR regulations, flood zones, property condition, redevelopment potential, and financial projections. Hall Street and its agents assume no liability for decisions made based on this information.
Assignment of Contract Opportunity – Not a Listing
Hall St LLC is offering an equitable interest via assignment of contract for property at 2528 E Rowan Ave, Spokane, WA 99217. This is not a brokered listing and we do not own the property.
This is an offer to assign our contractual rights to purchase the subject property. The seller has authorized contract assignment.
I am a Licensed Real Estate Broker (#24032461) with Amplify Real Estate Services. All disclosures required under Washington State real estate law will be provided.