1611 E MONTANA AVE, Coeur d'Alene, ID 83814 (MLS# 24-1651)

1611 E MONTANA AVE, Coeur d'Alene, ID 83814

$1,350,000

Less than an Hour to Spokane International Airport

Property Type: MultiFamily Square Footage: 5,220 Lot Size (sq. ft.): 18,731 Status: Closed

Current Price: $1,350,000 List Date: 3/05/2024 Last Modified: 9/22/2024

Overview

Description

DISCOVER A MULTI-FAMILY GEM IN PRIME LOCATION OF COEUR D'ALENE WITH THIS CHARMING 5-PLEX PROPERTY. This investment opportunity boasts stable and consistent rental income, making it an attractive option for savvy investors. Nestled in a delightful neighborhood, the property offers proximity to breathtaking Lake Coeur d'Alene, downtown attractions, and various recreational opportunities, providing tenants with a lifestyle that seamlessly blends nature and convenience. All five units feature an identical layout for ease of management. Downstairs, each unit includes a well-appointed kitchen, dining area, convenient half-bath, in-unit laundry hook-ups, and a comfortable living room with a slider that opens to a private backyard patio. Upstairs, tenants enjoy two spacious bedrooms, a full bathroom, and ample storage in the hallway linen closet. Each tenant benefits from two designated parking spaces—one carport spot with an attached storage closet and one open spot in the parking

Supplements: lot. The property also presents additional income potential with a side portion of the lot on 16th street, suitable for RV parking or other income-generating uses. The well-maintained grounds feature a spacious open common area in the front yard, mature trees, sprinklers in both front and back yards, and a large storage closet for the owners. Coeur ... (Read more)

Listing Details MLS# 24-1651

Contract Information

Listing Type: Multi Family
Area: 01 - Cd'A Urban/Dalton
Sold Date: 2024-05-31
Neighborhood Grid #: 104
Begin Date: 2024-03-05
Under Contract Date: 2024-03-10
Short Sale: No
REO: No
Financing: 1031 Exchange

General Property Description

Realtor.COM Type: Multi-Family
Number of Units: 5
2 BR units: 5
Building Style: Multi Level
Basement: No
Garage Stall: None
Total SqFt.: 5220
ESTIMATED SqFt Source: Assessor
SqFt Per: Bldg
Year Built: 1981
Remodeled: No
New Construction: No
Lot Acres: 0.43
Lot Type 1: Residential

Legal and Taxes

Legal: RAUS 1ST SUB, LT 2 BLK 1 Section 18 Township 50N Range 03W
AIN/Tax Bill: 179944
Parcel Number: C75350010020
School District: CDA - 271
Zoning: CDA-R-12 - Res
Directions: From Harrison Ave, turn south on 15th St., turn east on Montana Ave
Taxes: 3331.56
Tax Year: 2023
Taxes Reflect 1: No Exemptions
Subdivision: N/A

Remarks

Public Remarks: DISCOVER A MULTI-FAMILY GEM IN PRIME LOCATION OF COEUR D'ALENE WITH THIS CHARMING 5-PLEX PROPERTY. This investment opportunity boasts stable and consistent rental income, making it an attractive option for savvy investors. Nestled in a delightful neighborhood, the property offers proximity to breathtaking Lake Coeur d'Alene, downtown attractions, and various recreational opportunities, providing tenants with a lifestyle that seamlessly blends nature and convenience. All five units feature an identical layout for ease of management. Downstairs, each unit includes a well-appointed kitchen, dining area, convenient half-bath, in-unit laundry hook-ups, and a comfortable living room with a slider that opens to a private backyard patio. Upstairs, tenants enjoy two spacious bedrooms, a full bathroom, and ample storage in the hallway linen closet. Each tenant benefits from two designated parking spaces—one carport spot with an attached storage closet and one open spot in the parking

Address

Street Number: 1611
Street Direction Pfx: E
Street Name: MONTANA
Street Suffix: AVE
State/Province: ID
Postal Code: 83814
County: Kootenai

Property Subject To

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

More Information

Personal Property Included

Inclusions: Range Oven
Inclusions 3: Refrigerator

Paid By Owner

Sewer: Yes
Trash Collection: Yes
Water: Yes

View

Territorial: Yes

Paid By Tenant

Cable TV: Yes
Electricity: Yes

Lot Features

Landscaped: Yes
Level: Yes
Open Lot: Yes
Southern Exposure: Yes
Sprinklers In Front: Yes
Sprinklers In Rear: Yes

Interior Features

Cable Internet Available: Yes
Main Floor Utilities: Yes

Fencing

Full: Yes

Exterior Features

Curbs: Yes
Patio: Yes
Rain Gutters: Yes
RV Parking - Open: Yes
See Remarks: Yes

Other Structures

Shed(s): Yes
Storage: Yes

Terms Considered

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Road

Public Maintained Road: Yes

Showing Instructions

ShowingTime Online: Yes

Water

City: Yes

Sewer

Public Sewer: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Basement

Crawl Space: Yes

Foundation

Concrete: Yes

Construction

Frame: Yes

Exterior

Lap Siding: Yes
T1-11: Yes

Roof

Comp Shingle: Yes

Property Features

Paid By Owner: Sewer; Trash Collection; Water Paid By Tenant: Cable TV; Electricity View: Territorial Lot Features: Landscaped; Level; Open Lot; Southern Exposure; Sprinklers In Front; Sprinklers In Rear Fencing: Full Interior Features: Cable Internet Available; Main Floor Utilities Exterior Features: Curbs; Patio; Rain Gutters; RV Parking - Open; See Remarks Fuel: Electric Heating: Baseboard Other Structures: Shed(s); Storage Basement: Crawl Space Foundation: Concrete Construction: Frame Exterior: Lap Siding; T1-11 Roof: Comp Shingle Road: Public Maintained Road Sewer: Public Sewer Terms Considered: 1031 Exchange; Cash; Conventional Showing Instructions: ShowingTime Online

Listing Office: Windermere/Coeur d'Alene Realty Inc

Last Updated: September - 22 - 2024

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