552 North Corbin Rd, Post Falls, ID 83854 | Listings

552 North Corbin Rd, Post Falls, ID 83854

  • $1,300,000
  • 11 Beds
  • 5 Full Baths
  • 5,500 sq ft
  • Year Built: 1926
  • Residential
  • Listing #24-10316

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!

Listing Details

Price$1,300,000
Bedrooms11 Beds
Bathrooms5 Full Baths
Year Built1926
Property TypeResidential
Listing #24-10316
StatusActive
Listing TypeFor Sale

Interior Features

Square Feet5,500

Exterior Features

Lot Size0.79 acres

Courtesy of Aron Watts, NextHome 365 Realty

This content last updated on 11/1/2024 6:30 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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