FOR SALE
802 Hotel St
Wallace, ID 83873
Studio
7,770 sqft
- Studio
- 7,770 sqft
Studio
7,770 sqft
Local Information
© Google
-- mins to
Commute Destination
Description
Your next investment awaits! This lucrative 12-unit apartment complex (zoned condominiums)
features a well-balanced composition of (6) 1-bed, 1-bath units and (6) 2-bed,
1-bath units, promising a diverse and appealing rental offering. Boasting an
impressive 6.1% cap rate and the advantage of individually metered units,
this property ensures a robust and reliable return on investment. Its strategic
location, within walking distance to shopping and dining, coupled with easy
access to I90, enhances its overall desirability. Seize this turnkey opportunity,
complete with a compelling incentive— at least 3 units are primed for rent
increases, amplifying the potential for even greater profitability in your
investment venture
features a well-balanced composition of (6) 1-bed, 1-bath units and (6) 2-bed,
1-bath units, promising a diverse and appealing rental offering. Boasting an
impressive 6.1% cap rate and the advantage of individually metered units,
this property ensures a robust and reliable return on investment. Its strategic
location, within walking distance to shopping and dining, coupled with easy
access to I90, enhances its overall desirability. Seize this turnkey opportunity,
complete with a compelling incentive— at least 3 units are primed for rent
increases, amplifying the potential for even greater profitability in your
investment venture
Home Highlights
Parking
No Info
Outdoor
Porch
A/C
Heating only
HOA
None
Price/Sqft
$219
Listed
93 days ago
Home Details for 802 Hotel St
Interior Features |
|---|
Interior Details Basement: Crawl Space |
Dimensions and Layout Living Area: 7770 Square Feet |
Appliances & Utilities Utilities: Cable Connected |
Heating & Cooling Heating: Electric,Baseboard,Hot WaterHas HeatingHeating Fuel: Electric |
Fireplace & Spa No Fireplace |
Levels, Entrance, & Accessibility Levels: One |
View Has a ViewView: City |
Exterior Features |
|---|
Exterior Home Features Roof: CompositionPatio / Porch: Covered PorchFoundation: Concrete PerimeterNo Private Pool |
Frontage Responsible for Road Maintenance: Public Maintained RoadRoad Surface Type: Paved |
Water & Sewer Sewer: Public Sewer |
Days on Market |
|---|
Days on Market: 93 |
Property Information |
|---|
Year Built Year Built: 1914 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Apartment |
Building Construction Materials: Wood, Frame |
Property Information Parcel Number: B973000B6010AB973000A8120AAdditional Parcels Description: 2486-2500 |
Price & Status |
|---|
Price List Price: $1,700,000Price Per Sqft: $219 |
Active Status |
|---|
MLS Status: Active |
Location |
|---|
Direction & Address City: WallaceCommunity: N/A |
School Information High School District: Wallace - 393 |
Agent Information |
|---|
Listing Agent Listing ID: 24-634 |
Building |
|---|
Building Area Building Area: 7770 Square Feet |
Community |
|---|
Community Features: Curbs, Sidewalks |
HOA |
|---|
No HOA |
Lot Information |
|---|
Lot Area: 9583.2 sqft |
Compensation |
|---|
Buyer Agency Commission: 2.5Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
|---|
Mls Number: 24-634 |
Additional Information |
|---|
CurbsSidewalks |
Listing courtesy of Illya Dotson, (208) 661-5414
ID Real Estate Ventures LLC
Source: Coeur d'Alene MLS, MLS#24-634
Price History for 802 Hotel St
| Date | Price | Event | Source |
|---|---|---|---|
| 01/25/2024 | $1,700,000 | Listed For Sale | Coeur d'Alene MLS #24-634 |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | $172 |
| Assessment | $6,720 |
Home facts updated by county records
Comparable Sales for 802 Hotel St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.34 | Multi-Family Home | - | 05/19/23 | - | 3,384 | ||
2.04 | Multi-Family Home | - | 02/29/24 | - | 3,712 |
What Locals Say about Wallace
- Kim M.
- Resident
- 4y ago
"Idyllic small town environment. I grew up here and have returned home after many years because it is a safe and quiet community, with that genuine small town feel. Not to mention the access to everything outdoors. Hiking, camping, fishing, hunting. "
- Ashli D.
- Resident
- 5y ago
"Throughout the year they always have special events going on in town that celebrates who we are as a community and where we came from! "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Illya Dotson, ID Real Estate Ventures LLC
IDX information is provided exclusively for 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 not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
802 Hotel St, Wallace, ID 83873 is a studio, 7,770 sqft multi-family built in 1914. This property is currently available for sale and was listed by Coeur d'Alene MLS on Jan 25, 2024. The MLS # for this home is MLS# 24-634.