6236 W MAINE St, Spirit Lake, ID 83869
sale
$640,000
|
Other
Courtesy Of CDARE
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..
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Property Features
- Age: Over 50 Years Old
- Amenities: Cable Ready
- Amenities: Basement
- Exterior Type: Block
- Exterior Type: Brick
- Exterior Type: Cement Block
- Heating System: Baseboard
- Heating System: Electric (Heating)
- Legal Description: SPIRIT LAKE, LT 5 BLK 17 Section 05 Township 53N Range 04W
- MLSID: 26-85
- Roof Type: Rubber
- Roof Type: Tar/Gravel
- Rooms: Basement
- View Type: Territorial
- View Type: City
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