$924,000
Post Falls, ID 83854
MLS# 22-4635
Status: Closed
3366 sqft
1 / 31
Property 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.
Details
Maps
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
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the 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 from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.