For Sale By Owner North Idaho Real Estate

Owner Terms - 6 Units

Offered At:  $549,990

City:  Ponderay

Street:  830 Kootenai Cutoff Rd

Contact:  Basil

Phone:  208-597-1403

Acres:  2.2

Bedrooms:  4

Bathrooms:  3.5

Sq Ft:  3000

Taxes:  $5997/yr

HOA:  No

CC&Rs:  Yes

Features:  Owner Terms Available, 6 Units (4 residential, 1 office, 1 land-lease to Coffee House), Excellent Frontage on Kootenai Cutoff Rd, Commercial/Residential Mix Zoning, Tenants in place

 

Incredible Opportunity in the Sandpoint area with OWNER FINANCING available - Bring your offers and creative business ideas!

Property is Zoned Commercial/Residential

2.2 Acres of land with excellent frontage on Kootenai Cutoff Road.

High Visibility with stretching exposure on Kootenai Cutoff Rd is available, should you want it.
Great Location yet it has a secluded and quiet back yard space for the residential units.
Bike Path and Bus Route are on Kootenai Cutoff Rd.
14 Parking Spaces.
Minutes to Schweitzer Resort Base, shopping and restaurants.

Property includes TWO Parcels:

Parcel ONE includes a 3-unit condo/apartment building (possible nightly/weekly VACATION RENTALS!) Currently, 2 units are occupied, 1 unit is For Rent (was being used as Owner’s part-time residence). A separate-structure office/shop with great sign-space on Kootenai Ctf Rd is included (great sign visibility and available for rent!). Also included is 1 Mobile Home (Occupied) and separate storage building.

Parcel TWO includes solid lease to established Coffee House which is NOT included in property sale.

Whether you’re looking for an established and steady income Property OR opportunity to take a property to the next level, get more information:

Contact Basil directly at 208-597-1403.

NOTE -- > Owner has continuously managed the property at an approximate 6.7% CAP rate after expenses WHILE utilizing the property as longer-term apartment rentals. Gross monthly rents are approximately $4,000 with approximately $925 in monthly expenses. Massive potential may exist in converting the 3-unit apartment complex into vacation rentals on a nightly or weekly rate (double or triple existing income and THEN resell business???). Or, bring your existing business and vision to this HIGHLY visible property!