$1,350,000
Coeur d'Alene, ID 83814
MLS# 24-1651
Status: Pending
5220 sqft
1 / 33
Property Description
DISCOVER A MULTI-FAMILY GEM IN PRIME LOCATION OF COEUR D'ALENE WITH THIS CHARMING 5-PLEX PROPERTY. This investment opportunity boasts stable and consistent rental income, making it an attractive option for savvy investors. Nestled in a delightful neighborhood, the property offers proximity to breathtaking Lake Coeur d'Alene, downtown attractions, and various recreational opportunities, providing tenants with a lifestyle that seamlessly blends nature and convenience. All five units feature an identical layout for ease of management. Downstairs, each unit includes a well-appointed kitchen, dining area, convenient half-bath, in-unit laundry hook-ups, and a comfortable living room with a slider that opens to a private backyard patio. Upstairs, tenants enjoy two spacious bedrooms, a full bathroom, and ample storage in the hallway linen closet. Each tenant benefits from two designated parking spaces—one carport spot with an attached storage closet and one open spot in the parking
Details
Contract Information
Status: Pending
Listing Type: Multi Family
Area: 01 - Cd'A Urban/Dalton
Neighborhood Grid #: 104
Begin Date: 2024-03-05
List Price: $1,350,000
Non-Agent Compensation: 2.5
Non-Agent Compensation Type: %
Buyer Agency Compensation: 2.5
Buyer Agency Compensation Type: %
Under Contract Date: 2024-03-10
Short Sale: No
REO: No
General Property Description
Realtor.COM Type: Multi-Family
Number of Units: 5
2 BR units: 5
Building Style: Multi Level
Basement: No
Garage Stall: None
Total SqFt.: 5220
ESTIMATED SqFt Source: Assessor
SqFt Per: Bldg
Year Built: 1981
Remodeled: No
New Construction: No
Lot Acres: 0.43
Lot Type 1: Residential
Legal and Taxes
Legal: RAUS 1ST SUB, LT 2 BLK 1 Section 18 Township 50N Range 03W
AIN/Tax Bill: 179944
Parcel Number: C75350010020
School District: CDA - 271
Zoning: CDA-R-12 - Res
Directions: From Harrison Ave, turn south on 15th St., turn east on Montana Ave
Taxes: 3331.56
Tax Year: 2023
Taxes Reflect 1: No Exemptions
Subdivision: N/A
Remarks
Public Remarks: DISCOVER A MULTI-FAMILY GEM IN PRIME LOCATION OF COEUR D'ALENE WITH THIS CHARMING 5-PLEX PROPERTY. This investment opportunity boasts stable and consistent rental income, making it an attractive option for savvy investors. Nestled in a delightful neighborhood, the property offers proximity to breathtaking Lake Coeur d'Alene, downtown attractions, and various recreational opportunities, providing tenants with a lifestyle that seamlessly blends nature and convenience. All five units feature an identical layout for ease of management. Downstairs, each unit includes a well-appointed kitchen, dining area, convenient half-bath, in-unit laundry hook-ups, and a comfortable living room with a slider that opens to a private backyard patio. Upstairs, tenants enjoy two spacious bedrooms, a full bathroom, and ample storage in the hallway linen closet. Each tenant benefits from two designated parking spaces—one carport spot with an attached storage closet and one open spot in the parking
Address
Street Number: 1611
Street Direction Pfx: E
Street Name: MONTANA
Street Suffix: AVE
State/Province: ID
Postal Code: 83814
County: Kootenai
Property Subject To
CC&Rs: No
Homeowners Assoc: No
LID: No
Non-Mtg Lien: No
Flood Zone: Unknown
Aircraft Flight Zone: Unknown
Fire Protection Dist: Yes
Fire Protection Name: CDA
Miscellaneous
Sec: 18
Twn: 50N
Rng: 03
Rng Dir: WBM
Utilities Paid By
Cable: Tenant
Electric: Tenant
Garbage: Landlord
Gas: N/A
Sewer: Landlord
Water: Landlord
Personal Property Included
Inclusions: Range Oven
Inclusions 3: Refrigerator
Property Features
View: Territorial
Lot Features: Level; Open; Southern Exposure
Interior Features: Cable Internet Available; Main Floor Utilities
Exterior Features: Curbs; Fencing - Full; Landscaping; Open Patio; Rain Gutters; RV Parking - Open; Sprinkler System - Back; Sprinkler System - Front; See Remarks
Fuel: Electric
Heating: Baseboard
Other Structures: Shed(s); Storage
Basement: None-Crawl Space
Foundation: Concrete
Construction: Frame
Exterior: Lap Siding; T1-11
Roof: Comp Shingle
Road: Public Maintained Road
Sewer: City Sewer
Terms Considered: 1031 Exchange; Cash; Conventional
Showing Instructions: ShowingTime Online
Supplements
lot. The property also presents additional income potential with a side portion of the lot on 16th street, suitable for RV parking or other income-generating uses. The well-maintained grounds feature a spacious open common area in the front yard, mature trees, sprinklers in both front and back yards, and a large storage closet for the owners. Coeur d'Alene's real estate market has demonstrated resilience and growth, positioning this property as a smart investment with the potential for appreciation over time. Seize the opportunity to meet the strong demand for quality rental properties in the area. AGENTS: refer to private notes and Documents tab for additional property details. Don't miss out on this chance to invest in a property that combines location, stability, and growth potential.
Listing Office: Windermere/Coeur d'Alene Realty Inc
Last Updated: March - 11 - 2024
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Saturday 18th of May 2024 01:48 PM