1812 E COEUR D ALENE AVE, Post Falls, ID 83854
$924,000
Property Type:
MultiFamily
Square Footage:
3,366
Lot Size (sq. ft.):
11,326
Status:
Closed
Current Price:
$924,000
List Date:
5/26/2022
Last Modified:
9/23/2022
Description
Do not miss this investment opportunity! The triplex is listed at a 5.8 CAP on actuals bringing in $5,200 per month! Additionally, there is room to build another 2-3 unit building with recent Post Falls zoning changes! Located in the Opportunity Zone, across the street from a Post Office, and surrounded by new development, this is an excellent investment. All three units are in great condition, with two units updated! There is s HUGE opportunity to increase these rents and get this investment over a 6 CAP. Each unit offers a 3 bed 2 bath layout with a single car garage and individual backyards. Don't miss the opportunity to invest in an excellent cash-flowing asset.
More Information MLS# 22-4635
Contract Information
Status: Closed
Listing Type: Multi Family
Area: 02 - Post Falls
Sold Date: 2022-08-08
Neighborhood Grid #: 152
Begin Date: 2022-05-26
List Price: $924,000
Non-Agent Compensation Type: %
Buyer Agency Compensation: 2
Buyer Agency Compensation Type: %
Under Contract Date: 2022-07-11
Short Sale: No
REO: No
Financing: Cash
General Property Description
Realtor.COM Type: Multi-Family
Number of Units: 3
3 BR units: 3
Building Style: Multi Level
Basement: No
Garage Stall: 1 Car
Total SqFt.: 3366
SqFt. 1: 1501
SqFt. 2: 1865
ESTIMATED SqFt Source: Assessor
SqFt Per: Bldg
Year Built: 2003
Remodeled: Yes
Year of Remodel: 2022
New Construction: No
Lot Acres: 0.26
Lot Type 1: Duplex/Multi
Legal and Taxes
Legal: RIVERVIEW ADD TO PF, LT 7 EX W 10 FT BLK 14, PTN ADJ VAC ST Section 02 Township 50N Range 05W
AIN/Tax Bill: 111350
Parcel Number: P7650014007A
School District: Post Falls - 273
Zoning: R-2
Directions: From 90 take the hwy 41 exit and West on E Seltice Rd, from Setice turn north onto Greensferry rd, then west onto Coeur d'Alene Ave and
property is on the right.
Taxes: 4377.38
Tax Year: 2021
Taxes Reflect 1: No Exemptions
Subdivision: Riverview
Remarks
Public Remarks: Do not miss this investment opportunity! The triplex is listed at a 5.8 CAP on actuals bringing in $5,200 per month! Additionally, there is room to build another 2-3 unit building with recent Post Falls zoning changes! Located in the Opportunity Zone, across the street from a Post Office, and surrounded by new development, this is an excellent investment. All three units are in great condition, with two units updated! There is s HUGE opportunity to increase these rents and get this investment over a 6 CAP. Each unit offers a 3 bed 2 bath layout with a single car garage and individual backyards. Don't miss the opportunity to invest in an excellent cash-flowing asset.
Address
Street Number: 1812
Street Direction Pfx: E
Street Name: COEUR D ALENE
Street Suffix: AVE
State/Province: ID
Postal Code: 83854
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
Miscellaneous
Sec: 2
Twn: 50
Rng: 5
Rng Dir: WBM
Utilities Paid By
Cable: Tenant
Electric: Tenant
Garbage: Tenant
Gas: Tenant
Sewer: Tenant
Water: Tenant
Personal Property Included
Inclusions: Oven X3
Inclusions 3: DW X3
Property Features
View: Territorial
Lot Features: Level; Open
Interior Features: Cable TV; Satellite
Exterior Features: Curbs; Fencing - Full; Landscaping
Association Fee Includes: Maintenance Grounds
Fuel: Electric; Gas
Heating: Cadet
Basement: None-Crawl Space
Foundation: Concrete
Construction: Frame
Exterior: Vinyl
Roof: Comp Shingle
Road: Private Maintained Road
Sewer: City Sewer
Terms Considered: 1031 Exchange; Cash; Conventional; Seller Financing
Showing Instructions: ShowingTime Online
Listing Office: Coldwell Banker Schneidmiller Realty
Last Updated: September - 23 - 2022
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