552 Corbin, Post Falls, ID 83854

$1,300,000
11
BD
5
BA
5,500
SqFt
List Price
$1,300,000
Status
ACTIVE
MLS#
24-10316
Style
Multi-Level
Year Built
1926
Bedrooms
11
Bathrooms
5
Acres
0.79
Living Area
5,500
Region
02 - Post Falls
Subdivision
East Greenacres
Type
Single Family Residential

Property Description

INVESTORS....$84,000 ANNUAL INCOME CURRENTLY... APPROX. $120,000 ANNUALLY PROJECTED!!! EXCELLENT CAP RATE TO BE HAD! UNIQUE 11 BEDROOM, 5 BATHROOM AND 5500 SQ FT RESIDENTIAL PROPERTY PRESENTLY HAS 9 BEDROOMS LEASED TO TENANTS, SOME ARE LONG TERM, 10-12 YEARS. OWNERS LIVE ON MAIN LEVEL AND MANAGE. NONOWNER OCCUPIED WOULD BE ABLE TO RENT THE BEAUTIFUL MAIN LEEVL 2 BD-2BA FOR APPROX $2,000 MONTHLY. TWO SHOPS...24 X 60 AND 24 X 48, BOTH HEATED AND HAVE EXCELLENT LEASING POTENTIAL. PROPERTY HAS POTENTIAL TO BE SUBDIVIDED. THIS HOME HAS THE POTENTIAL TO BRING A GREAT RETURN FOR A CREATIVE INVESTOR. GREENACRES IRRIGATION SUPPLIES INEXPENSIVE WATER FOR THE GROUNDS OF THE ALMOST ONE ACRE LOT! NEWER FURNACE AND RECENT CENTRAL AIR CONDITIONING ADDED! ABOVE GROUND POOL WITH DECK SURROUNDING! HOME PARTIALLY REMODELED IN 1999 WHILE KEEPING SOME OF THE EARLY 1900S CHARM! ALL TENANT BEDROOM FURNITURE INCLUDED! OPPORTUNITY AWAITS!

Additional Information

Taxes
$2,279
Lot Features
Level
Interior Features
Cable TV, Central Air, Dryer Hookup - Gas, Gas Fireplace, High Speed Internet, Washer Hookup
Basement
Finished, Walk-out
Heating
Electric, Natural Gas, Forced Air
Exterior Features
Covered Deck, Covered Porch, Fencing - Partial, Open Deck, Pool, Above Ground, RV Parking - Open, Sprinkler System - Back, Sprinkler System - Front, Lawn
Exterior
T1-11
Water
Public, Irrigation Water
Sewer
Septic System
Garage Description
Det Carport
School District
Post Falls - 273

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Listing courtesy of NextHome 365 Realty.