219 E Coeur D Alene Lake Dr - Apartments FOR SALE


Coeur d'Alene, ID 83814- Downtown CDA
$1,975,000 USD
509-496-6922
219 E Coeur D Alene Lake Dr, Coeur d'Alene, ID for Sale
$1,975,000 USD
Apartments - FOR SALE
1/41
null | 6.64% Cap Rate

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


HIGHLIGHTS

  • Strong Market Fundamentals – The Coeur d’Alene MSA has grown more than 11% the past 5 years versus roughly 3-4% nationally
  • Idaho’s landlord friendly regulatory environment, absence of rent control, & pro business climate provide long term operational flexibility
  • Proximity to Lake Coeur d’Alene, the CDA Resort Golf Course, Tubbs Hill, the Centennial Trail, and Vantage Brewing supports continued tenant demand
  • Vacancy has declined over the past 5 quarters, and with no large projects underway, vacancy is expected to continue normalizing

OVERVIEW

SVN Cornerstone is pleased to present Lake CDA Apartments for sale located at 219 E Coeur d’Alene Lake Dr in Coeur d’Alene, Idaho. Lake CDA Apartments consists of 12 fully furnished units, including 3 one bedroom units and 9 studio units. The property features recent upgrades such as new interior and exterior paint, modern fixtures, updated kitchenettes, and a new TPO roof, along with an on site laundry facility and manager’s office. Ideally positioned in east downtown Coeur d’Alene directly across from Vantage Brewing and near the Coeur d’Alene Resort Golf Course, along with several other amenities, the property benefits from a highly walkable location that supports strong tenant demand and long term investment stability.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$397 USD /SF

# OF UNITS

12

PRICE/UNIT

$164,583

CAP RATE

6.64%

% LEASED

92%

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

Jordan Lester, CCIM, MBASVN | CornerstoneMore Info
509-496-6922

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Jordan Lester, CCIM, MBASVN | CornerstoneMore Info
509-496-6922

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