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Case Studies / Gonzaga 15-Bedroom

sold

Gonzaga 15-Bedroom

Maximizing Potential: A Case Study in Selling a Vacant 15-Bedroom Rooming House

  • Strategic marketing with multiple pro-forma scenarios
  • Swiftly secured a contract within one week of marketing and successfully closed the sale within 35 days.

Executive Summary

The Challenge

Our client hired us to sell their 15-bedroom rooming house which had recently become vacant.

What We Did

We took a strategic approach to listing the building which featured marketing the property with multiple pro-forma income and expense scenarios based on different leasing opportunities.

The Result

We went under contract one week into marketing the property and closed on the sale in 35 days, with a sale price within 2% of our original asking price.

Site Details

Address
418 E Mission Ave, Spokane, WA
Sale Date
April 26th, 2024
Sale Price
$880,000
View Original Listing

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Call/Text: 509.494.3116