Average square foot calculated using Size range provided by listing agent.
Description
Lake CDA Apartments is a 4, 978 SF multifamily property on a 0.43 acre parcel in east downtown Coeur d'Alene. The fully furnished asset includes 12 units consisting of 9 studios and 3 one bedroom apartments, plus an on-site laundry facility and manager's office. Recent upgrades include new interior and exterior paint, modern fixtures, updated kitchenettes, and a new TPO roof. Rents range from $1, 300 to $1, 800 per month, with two one bedroom units generating over $4, 000 monthly as Airbnbs. Ideally located next to Michael D's, across from Vantage Brewing, and adjacent to the Coeur d'Alene Resort Golf Course, the property blends tenant appeal with strong investment upside. The T-12 figures reflect an annual revenue of $202, 530 and -$42, 827 in expenses, producing an NOI of $159, 703 with an average occupancy of 89%. Zoned C17, the property offers mixed-use flexibility for residential or commercial applications.Show Description
MLS® Number25-9246
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorRain Gutters
GarageNo
Approx. Age1938
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatNatural Gas, Electric, Heat Pump
A/CWall Unit(s)
Heating Fuel
Extras
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