802 Hotel Street

Wallace, ID 83873

$1,700,000
Price
Beds
7,770 Sq. Ft.
$219 / Sq. Ft.
7,770
Sq. Ft.
$219
per Sq. Ft.

Description

Your next investment awaits! This lucrative 12-unit apartment complex (zoned condominiums)features a well-balanced composition of (6) 1-bed, 1-bath units and (6) 2-bed, 1-bath units, promising a diverse and appealing rental offering. Boasting an impressive 6.1% cap rate and the advantage of individually metered units, this property ensures a robust and reliable return on investment. Its strategic location, within walking distance to shopping and dining, coupled with easy access to I90, enhances its...Your next investment awaits! This lucrative 12-unit apartment complex (zoned condominiums)features a well-balanced composition of (6) 1-bed, 1-bath units and (6) 2-bed, 1-bath units, promising a diverse and appealing rental offering. Boasting an impressive 6.1% cap rate and the advantage of individually metered units, this property ensures a robust and reliable return on investment. Its strategic location, within walking distance to shopping and dining, coupled with easy access to I90, enhances its overall desirability. Seize this turnkey opportunity, complete with a compelling incentive-- at least 3 units are primed for rent increases, amplifying the potential for even greater profitability in your investment venture
  1. Listed by Illya Dotson • ID Real Estate Ventures LLC

Property Details for 802 Hotel Street

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City
Subdivision
N/A

Location

Listing Courtesy of ID Real Estate Ventures LLC
Add your commute
LISTING UPDATED: 01/25/2024 08:20 AM

Property Details for 802 Hotel Street

StatusActive
MLS #24-634
Days on Market117
Taxes$6,328 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Multi-Family
Year Built1914
Lot Size0.22 AC / 9,583 SF
CountyShoshone County

Location

Listing Courtesy of ID Real Estate Ventures LLC
Add your commute

Building Information for 802 Hotel Street

Stories-Residences-Year Built1914Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$9,805 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,278

Property Taxes

$527

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 802 Hotel Street

Summary
Location and General Information
  • City: Wallace
  • State/Province: Idaho
  • County: Shoshone
  • Postal Code: 83873
  • Geo Lat: 47.470899
  • Geo Lon: -115.920622
  • Zoning: Commercial
  • Directions: From I-90 EB, Exit 62 to 9th Street. Left to Hotel St., right to apartments.
  • Neighborhood Grid #: 500
  • Absolute Longitude: 115.920622
Taxes and HOA Information
  • Taxes: $6,328.00
  • Parcel Number: B973000B6010AB973000A8120A
  • Tax Year: 2023
  • AIN/Tax Bill: 2486-2500
  • Taxes Reflect 1: No Exemptions
School Information
  • School District: Wallace - 393
Parking
  • Garage Stall: None
Property
Lot Information
  • Area: 12 - Silver Valley
  • Total SqFt.: 7770.0
  • Building Style: Sgl Level
  • Lot Acres: 0.22
  • Lot Type 1: Commercial
  • Lot Features: Level, Open
  • ESTIMATED SqFt Source: Assessor
Property and Assessments
  • Picture Count: 25
  • Document Count: 5
  • Year Built: 1914
  • Legal: Lots 1 through 7, BLK Harris Addition, Wallace
  • REO: No
  • New Construction: No
  • VRC: Yes
  • Miscellaneous: Section: 35.0
  • Miscellaneous: Town: 48
  • Miscellaneous: Range: 4
  • Miscellaneous: Range Direction: EBM
  • Construction: Frame
  • Realtor.COM Type: Multi-Family
Utilities
  • Water: City
  • Sewer: City Sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Wood
  • Exterior Features: Covered Porch, Curbs, Sidewalks
  • Road: Paved, Public Maintained Road
  • Roof: Comp Shingle
Interior Features
  • Basement: None-Crawl Space
  • Foundation: Concrete
  • Fuel: Electric
  • Heating: Baseboard, Hot Water
  • Interior Features: Cable TV, Satellite
Multi Family
Multi-Family Information
  • Total Rooms/Units: 12
  • SqFt Per: Complex
  • Studio Units: 0.0
  • 1 BR units: 6.0
  • 2 BR units: 6.0
  • 3 BR units: 0.0
Income & Expenses
  • Income: Monthly Rental Income: $12,150
  • Income: Monthly Rental Stat: Actual
  • Income: Annual GSI: $145,800
  • Income: Annual GSI Stat: Actual
  • Utilities Paid By: Sewer: Landlord
  • Utilities Paid By: Water: Landlord
  • Utilities Paid By: Electric: Tenant
  • Utilities Paid By: Gas: N/A
  • Utilities Paid By: Cable: Tenant
  • Utilities Paid By: Garbage: Landlord

Property History for 802 Hotel Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 802 Hotel Street

Taxable ValueLand$33,043Additions-Total$33,043
Home Facts
Beds6Total Finished SqFt3,575 SqFtAbove Grade Finished SqFt3,575 SqFtStyleCondominiumYear Built1914CountySHOSHONEAPNRPB973000A8020A

Schools near 802 Hotel Street

This home is within Wallace District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Silver Hills Elementary School
PublicPK to 6

Wallace Jr/Sr High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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802 Hotel Street is a multi-family home for sale in Wallace, ID 83873. This property was listed for sale on January 25, 2024 by ID Real Estate Ventures LLC, it's currently listed at $1,700,000. It has been on the market for a total of 117 days and was last sold on March 31, 2023. This listing's school district is Wallace District. Nearby schools include Silver Hills Elementary School and Wallace Jr/Sr High School. 802 Hotel Street is a 0-bed, 0-bath, 7,770 sqft multi-family home built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ID Real Estate Ventures LLC

The information is being provided by Coeur d’Alene Multiple Listing Service and Spokane Association of REALTORS. Information deemed reliable but not guaranteed. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Coeur d’Alene Multiple Listing Service and Spokane Association of REALTORS. All Rights Reserved.