712 E Coeur D Alene Ave - Apartments FOR SALE


Coeur d'Alene, ID 83814- Downtown CDA
$1,150,000 USD
303-547-7357
712 E Coeur D Alene Ave, Coeur d'Alene, ID for Sale
$1,150,000 USD
Apartments - FOR SALE
1/16
null | 5.09% Cap Rate

712 E Coeur D Alene Ave
Coeur d'Alene, ID 83814
Downtown CDA


HIGHLIGHTS

  • Recently remodeled interiors, new landscaping, exterior paint, lighting and decking
  • Incredibly located with strong rental history and upside in rents
  • Over $150,000 spent by ownership in renovations and capital expenditures
  • 5 parking spaces
  • Amazing Airbnb potential

OVERVIEW

This lovely 6-unit property is ideally located just two blocks from downtown Coeur d’Alene. Modern updates to the interior of the units, exterior landscaping, and off-street parking make this property an ideal opportunity for owners looking to attract renters. All units have been quickly rented for between $1,200 and $1,350, depending on the time of year, and the building has maintained a strong rental history throughout the tenure of the current ownership. Unit 1 was initially used as an Airbnb and historically achieved over $2,000 per month. Half of the roof was replaced in 2023 by the previous owner, and exterior upgrades such as stairs, decking, paint, and lighting were completed by the current owner. Seller is a licensed brokerage owner in the State of Colorado.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

6

PRICE/UNIT

$191,667

CAP RATE

5.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,206 SF

ZONING

DO-E

APN/PARCEL ID

C1800032003A

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.