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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,180 sqft
Price per Sqft $106
MLS Listing ID 1825736
Sold Date 08/01/22
Style Stories: 3
Bedrooms 10
Construction Status Blt./Standing
HOA Y/N No
Year Built 1917
Annual Tax Amount $1,465
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 0.0x0.0x0.0
Property Description
RARE MULTI-FAMILY INVESTMENT OPPORTUNITY!! 6-unit apartment complex now priced well under $100k per unit! Great return on investment in an area with very high rental demand, and very low supply. 5 of 6 units recently remodeled in last 1-3 years. Great location, within walking distance to many popular businesses and commercial parts of town, yet off the main road! Seller has great property management in place, if buyers decide to hire management. Recent improvements done on roof as well as brand new white siding on east and west sides of building. Make a move today on this high yielding, low maintenance real estate investment with solid cash flow! Bear Lake is growing, so get in on it now! Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. Sellers have been paying city water/sewer, and tenants pay all other utilities.
Location
State ID
County Bear Lake
Area Elko
Zoning Multi-Family, Short Term Rental Allowed
Interior
Heating Electric
Flooring Carpet, Laminate, Tile, Vinyl
Fireplace false
Exterior
Exterior Feature Awning(s), Basement Entrance, Porch: Screened
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
View Y/N No
Roof Type Membrane
Present Use Residential
Topography Corner Lot, Fenced: Part, Sidewalks
Porch Screened
Total Parking Spaces 10
Private Pool false
Building
Lot Description Corner Lot, Fenced: Part, Sidewalks
Faces West
Sewer Sewer: Connected
Water Culinary
Structure Type Metal Siding
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools A. J. Winters
Middle Schools Bear Lake
High Schools Bear Lake
School District Bear Lake County
Others
Senior Community No
Tax ID 01013.00
Acceptable Financing Cash, Conventional, Exchange, FHA, Seller Finance, USDA Rural Development
Horse Property No
Listing Terms Cash, Conventional, Exchange, FHA, Seller Finance, USDA Rural Development
Financing Seller Financing
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Bought with Mountain Retreat Real Estate, LLC
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