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1006 E Sherman Ave 7 Unit Apartment Building $1,200,000 ($171,429/Unit) 4.50% Cap Rate Coeur d'Alene, ID 83814
Investment Highlights
- 7 Unique, individually metered units
- Fully occupied with long term leases in place
- Located along the downtown Coeur d'Alene corridor
Executive Summary
Beautiful Victorian-style historic home in the heart of downtown Coeur d'Alene. This property features 7 unique units with classic character and charm, individually metered utilities, and long-term tenants in place. Incredible location- walkable to restaurants, shops, and downtown amenities. Financials, rent roll, and supporting documentation available upon execution of an NDA
Property Facts Under Contract
| Price | $1,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $171,429 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 4.50% | Building Size | 5,838 SF |
| Gross Rent Multiplier | 16 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | ||
| Zoning | C17 | ||
| Price | $1,200,000 |
| Price Per Unit | $171,429 |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| Gross Rent Multiplier | 16 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 5,838 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | C17 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Storage Space
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Storage Space
- Bicycle Storage
- Private Bathroom
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Moderately walkable
60/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | C6840014001A | Improvements Assessment | $578,524 |
| Land Assessment | $462,000 | Total Assessment | $1,040,524 |
Property Taxes
Parcel Number
C6840014001A
Land Assessment
$462,000
Improvements Assessment
$578,524
Total Assessment
$1,040,524
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1006 E Sherman Ave
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