219 E Coeur D Alene Lake Dr - Apartments FOR SALE


Coeur d'Alene, ID 83814- Downtown CDA
$2,000,000 USD
208-771-3940
219 E Coeur D Alene Lake Dr, Coeur d'Alene, ID for Sale
$2,000,000 USD
Apartments - FOR SALE
1/41
null | 6.76% Cap Rate

219 E Coeur D Alene Lake Dr
Coeur d'Alene, ID 83814
Downtown CDA


OVERVIEW

Lake CDA Apartments is a 4,978 SF multifamily property on a 0.43 acre parcel in downtown Coeur d'Alene. Zoned C17, offering mixed-use flexibility for both residential and commercial applications. Featuring 12 fully-furnished units (9 studios and 3 one bedroom apartments) with an on-site laundry facility. Rent amounts range from $1,200-$1,500 with utilities and internet included. The owners have also been renting 2 of the units on Airbnb amounting to $178k in annual income with $43k in expenses ($135k NOI). Recent upgrades over the past 5 years include all new electrical and plumbing, new roofs on both buildings, a new parking lot, interior and exterior paint, upgraded fixtures, and new kitchenettes. In a prime location next to Michael D's, across from Vantage Brewing, and adjacent to the Coeur d'Alene Resort Golf Course.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$402 USD /SF

# OF UNITS

12

PRICE/UNIT

$166,667

CAP RATE

6.76%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake CDA Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

C-17

APN/PARCEL ID

C432001600DA

ASK ABOUT THIS PROPERTY

Zachary DavisKeller Williams Realty IncMore Info
208-771-3940

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Zachary DavisKeller Williams Realty IncMore Info
208-771-3940

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.