Lot 2 Whitaker Acres 566 Riley Creek Rd Priest River, Idaho 83856 United States
566 Riley Creek Rd Priest River, Idaho 83856 United States
$1,220,750
- 9,980 Sq Ft.
- Interior
- 1.54 Acres
- Exterior
- Multi-Family Homes
- Property type
- 1984
- Year Built
- D4L447
- Web Id
- 23-5917
- MLS ID
- 154
- days ago
This Property is Currently Contract Pending
About 566 Riley Creek Rd
8 unit Apartment Complex, all 2 bed, 1 bath units, + large Main House, and a Mfg. Home. Strong rental history. Situated on 1.54 acres. Located in Laclede between Sandpoint (14 miles) and Priest River (8 miles). 3004 sq ft main house has 2 separate entrances that can be rented as 2 units. Originally built and used as a ministry, providing housing for people in the church. Rents were nominal and remain far below market. Market rents for comparable units is $1,200. Each unit currently rents for $680. Proforma with rents @ $1,000 is 9.91 cap rate. The property currently generates GSI of $87,000 2022 actual.
Amenities
- Car Port
- Patio
- Porch
- Refrigerator
- Area Boat Ramp
features
- Parking
- garage attached
- lot description
- Level, Mountain Views, Access Type Road, County Street, Open, Concrete Block
- Additional Listing Type
- In Contract
Property Feature
- Heating Type
- Other
Area Feature
- Area Description
- Skiing
MLSNumber
- MLSID
- 20231728
