628 S Elm St | South Hill Flip or Rental

Sqft: 2,396 Lot: 6,000 sqft

Assignment Price: $190,000

ARV: $395,000 - $415,000

More Details & CMA Below

Multiple Exit Strategy Opportunity

An opportunity to acquire a 2,300+ Sq Ft home in a prime Spokane location with multiple paths to profitability. Situated at the base of the South Hill and just minutes from major hospitals, this property offers exceptional flexibility with many of the expensive improvements already completed.

Quick Property Facts:

  • Currently Configured as a 3 Bed / 1 Bath

  • Potential for 4 Bed / 2 Bath

  • Potential for 6 Bed / 3 Bath

  • Separate Basement Entrance

  • Detached 1-Car Garage

  • Bottom of South Hill

  • Minutes from Major Hospitals

  • Newer Roof

  • Vinyl Windows Throughout

  • Well-Maintained Siding

Why This Property Stands Out:

  • Over 2,300 square feet for just $190,000

  • Easily reconfigured from a 3/1 into a 4/2 or even 6/3, depending on your investment goals.

  • Separate basement entrance creates the potential for a separate living unit, offering additional income opportunities

  • Major improvements already completed, allowing you to focus renovation dollars where they'll have the greatest impact.

  • Excellent location with strong resale and rental demand, just minutes from Spokane's major hospitals.

Investment Opportunities:

  • Traditional Fix & Flip

  • Long-Term Rental

  • Mid-Term Rental (Travel Nurses)

  • Short-Term Rental

  • Separate Basement Living Unit

  • Adult Family Home / Assisted Living

  • BRRRR Strategy

  • Owner-Occupant Renovation

COMPS:

CLICK HERE FOR COMPS

Bring Your Vision

Whether your plan is to renovate and resell, maximize rental income, create a separate basement living unit, or convert the home into a larger bedroom/bathroom configuration, this property's 2,300+ square feet flexible layout, and prime South Hill location provide multiple avenues to create value. Opportunities with this much space and this many potential exit strategies at $190,000 are increasingly difficult to find.

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. 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.