1611 E Montana Ave Coeur D'Alene, ID 83814
Listing Courtesy of: Coeur D'Alene MLS / Windermere/Coeur D'Alene Realty, Inc. / Michelle Rene

  1611 E Montana Ave Coeur D'Alene, ID 83814

Pending (78 Days)
$1,350,000

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 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 d'Alene's real estate market has demonstrated resilience and growth, positioning this property as a smart investment with the potential for appreciation over time. Seize the opportunity to meet the strong demand for quality rental properties in the area. AGENTS: refer to private notes and Documents tab for additional property details. Don't miss out on this chance to invest in a property that combines location, stability, and growth potential.

MLS #:
24-1651
Taxes
$3,332(2023)
Lot Size
0.43 acres
Type
Multifamily
Year Built
1981
Views
Territorial
School District
Cda - 271
County
Kootenai County
Community
N/a

Listed By

Michelle Rene , Windermere/Coeur D'Alene Realty, Inc.
Source
Coeur D'Alene MLS
Last checked May 23 2024 at 10:43 PM GMT+0000
Bathroom Details
Interior Features
  • Main Floor Utilities
  • Cable Internet Available
Subdivision
  • N/a
Lot Information
  • Level
  • Southern Exposure
  • Open Lot
Property Features
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Electric
  • Baseboard
Exterior Features
  • Curbs
  • See Remarks
  • Fencing - Full
  • Rv Parking - Open
  • Landscaping
  • Rain Gutters
  • Sprinkler System - Back
  • Sprinkler System - Front
  • Open Patio
  • Roof: Composition
Utility Information
  • Utilities: Cable Paid by Tenant, Electric Paid by Tenant, Water Paid by Landlord, Garbage Paid by Landlord, Sewer Paid by Landlord, Gas Paid by N/a
  • Sewer: Public Sewer
  • Fuel: Electric
Living Area
  • 5,220 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 2.50%
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: IDX information is provided by the Coeur d’Alene Multiple Listing Service exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 5/23/24 15:43