5135-5165 N Abbey Ct - Multi-Family FOR SALE


Coeur d'Alene, ID 83815
$2,200,000 USD
303-547-7357
5135-5165 N Abbey Ct, Coeur d'Alene, ID for Sale
$2,200,000 USD
Multi-Family - FOR SALE
1/56
null | 5.68% Cap Rate

5135-5165 N Abbey Ct
Coeur d'Alene, ID 83815


HIGHLIGHTS

  • 1998 construction; individual homes
  • Ability to sell individually with the creation of an HOA
  • Overflow parking available
  • Ability to Airbnb 1 Unit - Historically achieved over $3,500/month
  • Newly renovated in 2022 & 2023
  • New roofs 2023

OVERVIEW

The Abbey Court Residences consist of seven completely remodeled homes, built in 1998, on two separate parcels. All units have been renovated to a similar standard, featuring new floors, paint, baseboards, doors, lighting, and upgraded kitchens and bathrooms. In 2023, all seven homes received new roofs, and HVAC systems were upgraded as needed. Additional capital improvements include upgraded irrigation, landscaping, fencing, paving of the overflow parking area, and exterior enhancements. Each of the units rented between spring and fall have achieved rents of over $2,000. Conveniently located just minutes from downtown Coeur d’Alene, with nearby access to I-90 and directly across the street from a large community park development, this property is positioned to be a high-performing asset with minimal maintenance requirements for years to come. County: Kootenai Year Built/Renovated: 1998/2023 # Buildings: 7 # Stories: 1 Construction: Wood Frame Roof Type: Pitched Gross Building SF: 7,231 Gross Lot SF: 42,210 Parking Type: Garage + Street # Parking Spaces: 7 Garage + 7 Surface Heating: Forced Air Gas/Electric: Individual Water/Sewer/Trash: Master Seller is a licensed brokerage owner in the State of Colorado.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

7

PRICE/UNIT

$314,286

CAP RATE

5.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Abbey Court Residences

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,210 SF

ZONING

CDA R8

APN/PARCEL ID

C555500A0010,C555500A0020

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.