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566 N Riley Creek Rd

Priest River, ID 83856
  • $N/A
  • STATUS: Closed
  • ON SITE: 389 Days
  • ID#: 23-5917
Sold - 12/06/2023
$N/A
SOLD - 12/06/2023
  • 0
    BEDS
  • 1.54
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,980
    SQFT
  • $0
    $/SQFT
Neighborhood:
N/A
Type:
Multi-Family
Built:
1984
County:

School Ratings & Info

School District:

Description

8 unit Apartment Complex, all 2 bed, 1 bath units, + large Main House, and a Mfg. Home. Strong rental history. Situated on 1.54 acres. Located in Laclede between Sandpoint (14 miles) and Priest River (8 miles). 3004 sq ft main house has 2 separate entrances that can be rented as 2 units. Originally built and used as a ministry, providing housing for people in the church. Rents were nominal and remain far below market. Market rents for comparable units is $1,200. Each unit currently rents for $680. Proforma with rents @ $1,000 is 9.91 cap rate. The property currently generates GSI of $87,000 2022 actual.

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© 2024 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Windermere Coeur d'Alene Realty.Data last updated: 2024-07-22T00:04:17.77.
www.coeurdalenerealestate.com/homes/141015544
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566 N Riley Creek Rd Priest River, ID 83856

  • Price: $1,220,750
  • Status: Closed
  • On Site: 389 Days
  • Updated: 109 min ago
  • ID#: 23-5917
0
Beds
0
Baths
0
½ Baths
1.54
Acres
9,980
SQFT
$0
$/SQFT
1984
Built
Neighborhood:
N/A
County:
Bonner
Area:
North (Bonner & Boundary)
School District:
West Bonner - 83
Property Description
8 unit Apartment Complex, all 2 bed, 1 bath units, + large Main House, and a Mfg. Home. Strong rental history. Situated on 1.54 acres. Located in Laclede between Sandpoint (14 miles) and Priest River (8 miles). 3004 sq ft main house has 2 separate entrances that can be rented as 2 units. Originally built and used as a ministry, providing housing for people in the church. Rents were nominal and remain far below market. Market rents for comparable units is $1,200. Each unit currently rents for $680. Proforma with rents @ $1,000 is 9.91 cap rate. The property currently generates GSI of $87,000 2022 actual.
Exterior Features

Building Style Multi Level Construction Materials Lap SidingCement BlockBrickBlockConcreteManufactured Foundation Details Slab Garage Capacity 2 Car Lot Features LevelOpen Lot Road Responsibility Public Maintained RoadPrivate Maintained Road Road Surface Type PavedGravel Roof Composition View Territorial View YN Yes

Interior Features

Basement FinishedDaylightWalk-Out Access Basement YN Yes Heating ElectricOilForced Air Heating YN Yes

Property Features

1031 Exchange Yes Association YN No Building Area Total 9980 Cash Yes Conventional Yes Financing Cash Flood Zone2 No Lot Type Duplex/Multi New Construction No Property Sub Type Apartment REOYN No Sewer Septic System Short Sale YN No Subject To Aircraft Flight Zone No Subject To CCRs No Tax Annual Amount 3711 Tax Year 2022 Water Source Community System Zoning Suburban

Listing provided courtesy of Tomlinson Sotheby's International Realty (Idaho): 208-667-1551.


© 2024 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Windermere Coeur d'Alene Realty.Data last updated: 2024-07-22T00:04:17.77.
 
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Windermere Coeur d'Alene Realty
1000 Northwest Blvd.
Coeur d'Alene ID, 83814