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802 Hotel St

Wallace, ID 83873
  • $1,700,000
  • STATUS: Active
  • ON SITE: 118 Days
  • ID#: 24-634
UPDATED: 158 min ago
$1,700,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,770
    SQFT
  • $219
    $/SQFT
Neighborhood:
N/A
Type:
Multi-Family
Built:
1914
County:

School Ratings & Info

School District:

Description

Your next investment awaits! This lucrative 12-unit apartment complex (zoned condominiums) features a well-balanced composition of (6) 1-bed, 1-bath units and (6) 2-bed, 1-bath units, promising a diverse and appealing rental offering. Boasting an impressive 6.1% cap rate and the advantage of individually metered units, this property ensures a robust and reliable return on investment. Its strategic location, within walking distance to shopping and dining, coupled with easy access to I90, enhances its overall desirability. Seize this turnkey opportunity, complete with a compelling incentive at least 3 units are primed for rent increases, amplifying the potential for even greater profitability in your investment venture

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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 The Hardie Group.Data last updated: 2024-05-23T20:04:28.533.
www.hardiegroup.com/homes/146946832
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802 Hotel St Wallace, ID 83873

  • Price: $1,700,000
  • Status: Active
  • On Site: 118 Days
  • Updated: 158 min ago
  • ID#: 24-634
0
Beds
0
Baths
0
½ Baths
0.22
Acres
7,770
SQFT
$219
$/SQFT
1914
Built
Neighborhood:
N/A
County:
Shoshone
Area:
12 - Silver Valley
School District:
Wallace - 393
Property Description
Your next investment awaits! This lucrative 12-unit apartment complex (zoned condominiums) features a well-balanced composition of (6) 1-bed, 1-bath units and (6) 2-bed, 1-bath units, promising a diverse and appealing rental offering. Boasting an impressive 6.1% cap rate and the advantage of individually metered units, this property ensures a robust and reliable return on investment. Its strategic location, within walking distance to shopping and dining, coupled with easy access to I90, enhances its overall desirability. Seize this turnkey opportunity, complete with a compelling incentive at least 3 units are primed for rent increases, amplifying the potential for even greater profitability in your investment venture
Exterior Features

Building Style Sgl Level Construction Materials WoodFrame Exterior Features Covered PorchCurbsSidewalks Foundation Details Concrete Perimeter Garage Capacity None Lot Features LevelOpen Lot Road Responsibility Public Maintained Road Road Surface Type Paved Roof Composition View City View YN Yes

Interior Features

Basement None-Crawl Space Basement YN No Heating ElectricBaseboardHot Water Heating YN Yes Interior Features Cable TVSatellite

Property Features

1031 Exchange Yes Association YN No Building Area Total 7770 Cash Yes Conventional Yes Flood Zone2 Yes Lot Type Commercial New Construction No Property Sub Type Apartment REOYN No Seller Financing Yes Sewer Public Sewer Short Sale YN No Subject To Aircraft Flight Zone Unknown Subject To CCRs Yes Tax Annual Amount 6328 Tax Year 2023 Water Source Public Zoning Commercial

Listing provided courtesy of ID Real Estate Ventures LLC: .


© 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 The Hardie Group.Data last updated: 2024-05-23T20:04:28.533.
 
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