$1,350,000
$1,350,000
For more information regarding the value of a property, please contact us for a free consultation.
5,220 SqFt
SOLD DATE : 05/31/2024
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 5,220 sqft
Price per Sqft $258
MLS Listing ID 24-1651
Sold Date 05/31/24
Style Multi Level
HOA Y/N No
Originating Board Coeur d'Alene Multiple Listing Service
Year Built 1981
Annual Tax Amount $3,331
Tax Year 2023
Lot Size 0.430 Acres
Acres 0.43
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 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.
Location
State ID
County Kootenai
Area 01 - Cd'A Urban/Dalton
Zoning CDA-R-12 - Res
Direction From Harrison Ave, turn south on 15th St., turn east on Montana Ave
Rooms
Basement None-Crawl Space
Interior
Interior Features Cable Internet Available, Main Floor Utilities
Heating Electric, Baseboard
Exterior
Exterior Feature Curbs, Landscaping, Open Patio, Rain Gutters, RV Parking - Open, Sprinkler System - Back, Sprinkler System - Front, See Remarks, Fencing - Full
Garage Description None
View Territorial
Roof Type Composition
Building
Lot Description Level, Open Lot, Southern Exposure
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Multi Level
New Construction No
Schools
School District Cda - 271
Others
Tax ID C75350010020
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Windermere/Coeur d'Alene Realty Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "