503 N 2nd St - Apartments FOR SALE


Coeur d'Alene, ID 83814- Downtown CDA
$1,600,000 USD
303-547-7357
503 N 2nd St, Coeur d'Alene, ID for Sale
$1,600,000 USD
Apartments - FOR SALE
1/43
null | 5.77% Cap Rate

503 N 2nd St
Coeur d'Alene, ID 83814
Downtown CDA


HIGHLIGHTS

  • Meticulously renovated with high-end finishes.
  • Turnkey property with great rental history.
  • Over $400k in capital improvements in past 24 months.
  • All windows replaced, updated plumbing and electrical throughout. New exterior paint and landscaping.
  • Ability to AirBnb one of the units (historically achieved over $2,000/month.

OVERVIEW

The Milbery Apartments is a one-of-a-kind Coeur d’Alene gem. Every inch of this property was thoughtfully renovated over 24 months, with all major systems and capital expenditure items being addressed during renovations. Located in the direct path of progress and boasting a strong rental history, this property is positioned to be a long-term, attractive, cash-flowing asset. Each unit is individually metered for electricity, leaving water, sewer, and trash as the only utility responsibilities of the owner. New ownership will inherit a turnkey building, renovated with premium materials and requiring very little future maintenance. Seller is a licensed brokerage owner in the State of Colorado.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

8

PRICE/UNIT

$200,000

CAP RATE

5.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Milbery

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,314 SF

ZONING

DO-N

APN/PARCEL ID

C1800015012A,C1800015012B

ASK ABOUT THIS PROPERTY

Brandon KaufmanKaufman HaganMore Info
303-547-7357

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Brandon KaufmanKaufman HaganMore Info
303-547-7357

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