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    849 N 4th St

    Coeur d'Alene, ID 83814
    • $1,500,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: 20-10891
    UPDATED: 194 min ago
    $1,500,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,400
      SQFT
    • $132
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    School District:

    Description

    Location, location, location! Mostly remodeled Class B+ 11,000 SF, Mixed Use Apartment, Office, Retail, Warehouse Building For Sale. This corner building is located in the heart of the Midtown Walking District off 4th St with nearly 8,000 cars passing one-way each day. There is ample street parking and 2 free adjacent public parking lots with 40 spaces.Top floor has 4 one bedroom apartments and 1 two bedroom apartment that has recently been fully remodeled. Each apartment unit is in great condition and the market supports rent rate increases every 6 months.Main floor is 3,800 SF newly renovated and includes a newly signed anchor tenant with a strong 5-year lease. With 5 remaining retail/office units (2600 SF) available, there is major cash flow opportunity available.This floor also includes 10'x30' of prime outdoor patio frontage, 2 new ADA bathrooms, new HVAC throughout, luxury LVP flooring, Smart metering throughout, and much more! Basement is 3,800 SF finished and available to rent out with a bathroom, kitchenette, concrete flooring, garage door that has a covered driveway to the back alley. Other improvements include a new membrane roof, new HVAC, new exterior paint, and many other smaller updates. The building is projected to be 100% leased by January 2020 and estimated to bring in over $13,000/mo which puts it at a $2 million dollar valuation at 5.65 cap rate. This is a major opportunity to make over $500,000 in equity in a short amount of time while enjoying cash flow. Price will rise as new tenants sign leases.

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    © 2020 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Brown Realty | Keller Williams Realty Coeur d'Alene.Data last updated: 2020-11-25T00:03:42.65.
    www.teambrownrealty.com/homes/111812426
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    849 N 4th St Coeur d'Alene, ID 83814

    • Price: $1,500,000
    • Status: Active
    • Updated: 194 min ago
    • ID#: 20-10891
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    11,400
    SQFT
    $132
    $/SQFT
    1955
    Built
    Neighborhood:
    Russell
    County:
    Kootenai
    Area:
    01 - Cd'a Urban/Dalton
    School District:
    Cda - 271
    Property Description
    Location, location, location! Mostly remodeled Class B+ 11,000 SF, Mixed Use Apartment, Office, Retail, Warehouse Building For Sale. This corner building is located in the heart of the Midtown Walking District off 4th St with nearly 8,000 cars passing one-way each day. There is ample street parking and 2 free adjacent public parking lots with 40 spaces.Top floor has 4 one bedroom apartments and 1 two bedroom apartment that has recently been fully remodeled. Each apartment unit is in great condition and the market supports rent rate increases every 6 months.Main floor is 3,800 SF newly renovated and includes a newly signed anchor tenant with a strong 5-year lease. With 5 remaining retail/office units (2600 SF) available, there is major cash flow opportunity available.This floor also includes 10'x30' of prime outdoor patio frontage, 2 new ADA bathrooms, new HVAC throughout, luxury LVP flooring, Smart metering throughout, and much more! Basement is 3,800 SF finished and available to rent out with a bathroom, kitchenette, concrete flooring, garage door that has a covered driveway to the back alley. Other improvements include a new membrane roof, new HVAC, new exterior paint, and many other smaller updates. The building is projected to be 100% leased by January 2020 and estimated to bring in over $13,000/mo which puts it at a $2 million dollar valuation at 5.65 cap rate. This is a major opportunity to make over $500,000 in equity in a short amount of time while enjoying cash flow. Price will rise as new tenants sign leases.
    Exterior Features

    Aircraft Flight Zone Unknown Construction BlockBrick Exterior Cement Block Lot Features Corner Lot Lot Type Duplex/Multi Off Street Parking Per Unit None Road Paved Roof Rolled Comp Style Multi Story View City

    Interior Features

    Appliances Cook TopRange/OvenRefrigerator Basement No Basement Description None Foundation Concrete Fuel Gas Heat BaseboardForced Air Interior Features Cable Internet Available Rooms 12 Sq Ft Basement 3800.00 Sq Ft Level1 3800.00 Sq Ft Level2 3800.00

    Property Features

    Fire Protection District Unknown Flood Zone No New Construction No REO No Sewer City Sewer Short Sale No Sq Ft Per Bldg Sq Ft Source Builder Plans Subject To CCRs No Subject To HOA No Tax Year 2020 Taxes 1766.00 Taxes Reflect No Exemptions Terms CashConventional Water City Zoning C-17

    Listing provided courtesy of Congress Realty, Inc..

    © 2020 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Brown Realty | Keller Williams Realty Coeur d'Alene.Data last updated: 2020-11-25T00:03:42.65.
     
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    Team Brown Realty | Keller Williams Realty Coeur d'Alene
    3931 N Schreiber Way
    Coeur d'Alene ID, 83815