6236 MAINE, Spirit Lake, ID 83869

$640,000
4,325
SqFt

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List Price
$640,000
Status
ACTIVE
MLS#
26-6787
Style
Multi Level
Year Built
1905
Acres
0.08
Living Area
4,325
Region
05 - NW Kootenai Co

Property Description

Prime 4-unit mixed-use investment property on Spirit Lake's Historic Main Street featuring 1 ground-floor commercial space and 3 residential apartments. Strong cap rate with immediate value-add potential through below-market rents. Recent updates include newer roof and fresh paint. Separate utilities minimize owner expenses. All units currently occupied with proven low turnover in North Idaho's consistently strong rental market. Exceptional location just one block from the lake positions this as a gateway to North Idaho's recreational paradise. The commercial space offers high-visibility Maine Street presence..

Additional Information

Taxes
$2,380
Lot Features
Open Lot, Level
Basement
Unfinished, Cellar
Heating
Baseboard, Electric
Exterior
Exterior
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of SARMLS / Keller Williams Realty Coeur d'Alene