$749,000
Sandpoint, ID 83864
MLS# 21-8731
Status: Closed
2730 sqft
1 / 36
Property Description
Incredible opportunity to own a rare income producing property of this size in South Sandpoint with fantastic rental history. A single family 2 bedroom 1 bath cottage AND a 6 unit apartment building behind the home make up this complex. Live in the cottage and supplement the mortgage with the apartment in back. South Fourth is a beautiful tree lined street across from the Farmer's Market, minutes from The City Beach, downtown shops, fine dining, bike routes, schools and Third Street Pier. Easy access to Schweitzer Mountain Resort and numerous marinas. The apartments are all studio type units. The lower level houses four units and the upper level houses two units that have a full kitchen and dining area. Home and apartment building have metal roofs and alley access to two units. There has never been a better time to secure an income producing property in this location.
Details
Contract Information
Status: Closed
Listing Type: Multi Family
Area: North (Bonner & Boundary)
Sold Date: 2021-10-29
Neighborhood Grid #: 440
Begin Date: 2021-08-19
List Price: $749,000
Non-Agent Compensation: 3
Non-Agent Compensation Type: %
Buyer Agency Compensation: 3
Buyer Agency Compensation Type: %
Under Contract Date: 2021-09-02
Short Sale: No
REO: No
Financing: Unknown
General Property Description
Realtor.COM Type: Multi-Family
Number of Units: 7
Building Style: Multi Level
Basement: No
Garage Stall: None
Total SqFt.: 2730
ESTIMATED SqFt Source: Assessor
SqFt Per: Bldg
Year Built: 1946
Remodeled: Yes
Year of Remodel: 1970
New Construction: No
Lot Acres: 0.09
Lot Type 1: Duplex/Multi
Legal and Taxes
Legal: 22-57N-2W LAWS ADDN BLK A, N 39FT OF LOT 23,24 SUSNIS HOUSE & APTS - 6 UNITS
AIN/Tax Bill: 00000
Parcel Number: RPS024300A023AA
School District: Lk Pend Oreille - 84
Zoning: Mixed Use
Directions: Pine St. to South on Fourth, green home and apartment building on right before Lake St.
Taxes: 4543
Tax Year: 2020
Taxes Reflect 1: Not Yet Recorded
Subdivision: N/A
Remarks
Public Remarks: Incredible opportunity to own a rare income producing property of this size in South Sandpoint with fantastic rental history. A single family 2 bedroom 1 bath cottage AND a 6 unit apartment building behind the home make up this complex. Live in the cottage and supplement the mortgage with the apartment in back. South Fourth is a beautiful tree lined street across from the Farmer's Market, minutes from The City Beach, downtown shops, fine dining, bike routes, schools and Third Street Pier. Easy access to Schweitzer Mountain Resort and numerous marinas. The apartments are all studio type units. The lower level houses four units and the upper level houses two units that have a full kitchen and dining area. Home and apartment building have metal roofs and alley access to two units. There has never been a better time to secure an income producing property in this location.
Address
Street Number: 114
Street Direction Pfx: S
Street Name: Fourth Ave
State/Province: ID
Postal Code: 83864
County: Bonner
Property Subject To
CC&Rs: No
Homeowners Assoc: No
LID: No
Non-Mtg Lien: No
Flood Zone: No
Aircraft Flight Zone: No
Fire Protection Dist: Yes
Fire Protection Name: Selkirk
Miscellaneous
Sec: 22
Twn: 57
Rng: 2
Rng Dir: WBM
Utilities Paid By
Electric: Tenant
Garbage: Landlord
Gas: Tenant
Sewer: Landlord
Water: Landlord
Property Features
Lot Features: Level; Open
Interior Features: Cable Internet Available
Fuel: Electric; Gas
Heating: Baseboard
Basement: None-Crawl Space
Foundation: Concrete
Construction: Frame
Exterior: Wood
Roof: Metal
Road: Paved
Sewer: City Sewer
Terms Considered: Cash; Conventional
Listing Office: Century 21 Riverstone
Last Updated: October - 29 - 2021
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Sunday 19th of May 2024 04:20 AM