1800 N Spokane St
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1800 N Spokane St
22 Unit Block of Flats £3,622,022 (£164,637/Unit) Post Falls, ID 83854
Investment Highlights
- Fully rented
- City Water & City Sewer
Executive Summary
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, 2-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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Family Room
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Wheelchair Accessible
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1 | 4 | - | 1,300 |
| 2+1 | 18 | - | 875 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £734,552 | |
| Land Assessment | £223,117 | Total Assessment | £957,669 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£223,117
Improvements Assessment
£734,552
Total Assessment
£957,669
zoning
| Zoning Code | R-3 High Density |
| R-3 High Density |
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1800 N Spokane St
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