1600-1604 Cedar St, Sandpoint, ID 83864 (MLS# 24-8461)

1600-1604 Cedar St, Sandpoint, ID 83864

$1,500,000

Property Type: MultiFamily Square Footage: 6,518 Lot Size (sq. ft.): 37,026 Status: Closed

Current Price: $1,500,000 List Date: 8/27/2024 Last Modified: 2/28/2025

Overview

Description

Fantastic opportunity to own three duplexes (3 separate buildings); a total of six rental units on three separate lots in downtown Sandpoint. Building 1600 is 3 bedrooms, 2 bathrooms, 1071 sq ft per unit. Building 1602 is 2 bedrooms, 2 bathrooms, 946 sq ft per unit. Building 1604 is the original house of 3 bedrooms, 2 bathrooms, 1584 sq ft and apartment; 2 bedrooms, 2 bathrooms, 900 sq ft. Each unit has a private attached 1-car garage. There is also a private owner's (landlord) garage and utility/workshop area. For a total of 15 bedrooms, 12 bathrooms, 7 garage bays, 6518 sq ft, .85 acres. Prime location in downtown Sandpoint, right behind the library with a nicely paved driveway and extra parking spaces for guests and tenants. Excellent rental history, low maintenance units, apartment (1604B) has been recently remodeled. Close to the library, schools, shopping, parks, trails and downtown core.

Listing Details MLS# 24-8461

Contract Information

Listing Type: Multi Family
Area: North (Bonner & Boundary)
Sold Date: 2025-02-28
Neighborhood Grid #: 440
Begin Date: 2024-08-27
Under Contract Date: 2025-01-20
Short Sale: No
REO: No
Financing: Seller Financing

General Property Description

Realtor.COM Type: Multi-Family
Number of Units: 6
2 BR units: 3
3 BR units: 3
Building Style: Sgl Level
Basement: No
Garage Type: attach
Garage Stall: 4+ Car
Total SqFt.: 6518
ESTIMATED SqFt Source: Assessor
SqFt Per: Complex
Year Built: 1997
New Construction: No
Lot Acres: 0.85
Lot Type 1: Duplex/Multi

Legal and Taxes

Legal: 21-57N-2W SHUPPS ADDN LOT 1,2,3 DUPLEX
AIN/Tax Bill: RPS36870000010A,20A,
Parcel Number: RPS36870000010A,20A,30A
School District: Lk Pend Oreille - 84
Zoning: Multi Family
Directions: Division to Cedar St, follow to duplexes on the right. Do not drive into the development without an appointment.
Taxes: 11218
Tax Year: 2023
Taxes Reflect 1: No Exemptions
Subdivision: N/A

Remarks

Public Remarks: Fantastic opportunity to own three duplexes (3 separate buildings); a total of six rental units on three separate lots in downtown Sandpoint. Building 1600 is 3 bedrooms, 2 bathrooms, 1071 sq ft per unit. Building 1602 is 2 bedrooms, 2 bathrooms, 946 sq ft per unit. Building 1604 is the original house of 3 bedrooms, 2 bathrooms, 1584 sq ft and apartment; 2 bedrooms, 2 bathrooms, 900 sq ft. Each unit has a private attached 1-car garage. There is also a private owner's (landlord) garage and utility/workshop area. For a total of 15 bedrooms, 12 bathrooms, 7 garage bays, 6518 sq ft, .85 acres. Prime location in downtown Sandpoint, right behind the library with a nicely paved driveway and extra parking spaces for guests and tenants. Excellent rental history, low maintenance units, apartment (1604B) has been recently remodeled. Close to the library, schools, shopping, parks, trails and downtown core.

Address

Street Number: 1600-1604
Street Name: Cedar
Street Suffix: St
State/Province: ID
Postal Code: 83864
County: Bonner

Property Subject To

CC&Rs: No
Homeowners Assoc: No
LID: No
Non-Mtg Lien: No
Flood Zone: No
Aircraft Flight Zone: Unknown
Fire Protection Dist: Yes
Fire Protection Name: City of Sandpoint

More Information

View

None: Yes

Paid By Tenant

Cable TV: Yes
Electricity: Yes
Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Lot Features

Level: Yes

Exterior Features

Open Porch: Yes

Terms Considered

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Road

Paved: Yes

Showing Instructions

Call List Agent: Yes

Water

City: Yes

Sewer

Public Sewer: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes
Furnace: Yes

Basement

Crawl Space: Yes

Foundation

Concrete: Yes

Construction

Frame: Yes

Exterior

T1-11: Yes

Roof

Metal: Yes

Property Features

Paid By Tenant: Cable TV; Electricity; Gas; Sewer; Trash Collection; Water View: None Lot Features: Level Exterior Features: Open Porch Fuel: Natural Gas Heating: Forced Air; Furnace Basement: Crawl Space Foundation: Concrete Construction: Frame Exterior: T1-11 Roof: Metal Road: Paved Sewer: Public Sewer Terms Considered: 1031 Exchange; Cash; Conventional Showing Instructions: Call List Agent

Documents

Listing Office: CENTURY 21 RiverStone

Last Updated: February - 28 - 2025

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