$4,500,000
For Sale

1800,1802, 1804, 1806, 1808, 1810 SPOKANE STREET

Post Falls, ID 83854
21918 sqft | 1.14 acres | #25-1778
Browse 26 photos
Type:Purchase
Structure:5+ Family
Zone:Residential

Description

A rare opportunity awaits in the heart of Post Falls, Idaho, with this 22-unit condo development. Currently operated and managed as fully rented apartments, the property features four spacious 3-bedroom, 1-bath units and eighteen 2-bedroom, 1-bath units. All units can be sold individually per city guidelines, offering incredible flexibility for investors or developers. Recent updates include new roofs installed last year, and the buildings and grounds are impeccably maintained. Located on Spokane Street, residents enjoy easy access to waterfront parks, schools, restaurants, and quick connections to Interstate 90. Just 15 minutes from Coeur d'Alene and 30 minutes to downtown Spokane, this property is perfectly positioned for convenience and growth. Financials and proforma are available upon request. Opportunities like this don't come along often! Act now. Please do not disturb tenants. See document tab for all rent roles and county information. Financials available upon request.

  • Property Details
      • InteriorCable Internet Available, Cable TV, Handicap Facility, Wall Unit(s)
      • Exterior FeaturesCovered Patio, Curbs, Handicap Access, Landscaping, Sidewalks
      • Exterior MaterialsCovered Patio, Curbs, Handicap Access, Landscaping, Sidewalks
      • Parcel NumberPJ41600000AA, SEE DOCS FOR EXHIBIT A FOR REST
      • HeatingElectric, Baseboard
      • Basement DescriptionNone-Slab on Grade
      • FoundationConcrete Perimeter
      • School DistrictPost Falls - 273
      • Lot FeaturesLevel, Open Lot
      • Lot DescriptionLevel, Open Lot
      • ZoningR-3 HIGH DENS
      • Sewer InformationPublic Sewer
      • ViewTerritorial
      • StyleMulti Level
      • RoofComposition
      • Original List Price$4,500,000
      • Property SubtypeApartment
      • Property TypePurchase
      • CountyKootenai
      • Taxes Annual$23,819
      • MLS #25-1778
      • Cost4500000
      • MLS #25-1778
      • Utility SourcePublic
      • Square Feet21918
      • Acres1.14
      • Year Built1992
      • SubdivisionN/A
      • Basement1

Location

Chad Fortenberry | TechTown RealtyReal Estate Group

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10.0%

Interest Rate

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6.0%

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2.6%
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