32318 N 2nd Avenue, Spirit Lake, ID

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32318 N 2nd Avenue

Spirit Lake, ID 83869

Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1906

Stories:2 Building Size:6,500 SF Land Area:.16 AC (6,970 SF)

For Sale Price:$239,900 Price/Unit:$39,983.33 Cap Rate:9.50 % GRM:-

Parking:-

Quality 6 unit multifamily project in Spirit Lake, Idaho. Completely remodeled in 2004. Units sizes are: (1) 3 bedroom 1 ½ Bath, (4) 2 Bedroom and 1 Bath, (1) 1 Bedroom and 1 Bath. Great rental history with solid tenants. All units have newer appliances including a refrigerator, and five of the six units have a washer and dryer. All city services and off street parking. Low maintenance exterior with vinyl siding and a metal roof. Above average Cap Rate for this size of investment, allowing positive leverage. Existing Cap Rate is 7.25%. Offered at $329,000

Sale Notes:

Quality 6 unit multifamily project offered at a 9.5% Cap Rate in Spirit Lake, Idaho. Completely remodeled in 2004. Units sizes are: (1) 3 bedroom, 1 ½ Bath, (3) 2 Bedroom, 1 Bath, (2) 1 Bedroom,
1 Bath. Great rental history with solid tenants. All units have newer appliances including a refrigerator and five of the six units have a washer and dryer.
All city services and off street parking. Low maintenance exterior with vinyl siding and a metal roof. Gross annual income of $37,200.

CLICK HERE TO CONTACT THE SALES BROKER

FOR SALE CONTACTS

Coldwell Banker Commercial Schneidmiller Realty

Rob Kannapien

(208) 765-4300

View all my listings

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