About 219 E Coeur D'alene Lake Dr
$800k in seller financing available for 3 years at 8% interest-only. Lake CDA Apartments is a 4,978 SF multifamily property on a 0.43 acre parcel in east downtown Coeur d'Alene. The fully furnished asset includes 12 units consisting of 9 studios and 3 one bedroom apartments, plus an on-site laundry facility and manager's office. Recent upgrades include new interior and exterior paint, modern fixtures, updated kitchenettes, and a new TPO roof. Rents range from $1,300 to $1,800 per month, with two one bedroom units generating over $4,000 monthly as Airbnbs. Ideally located next to Michael D's, across from Vantage Brewing, and adjacent to the Coeur d'Alene Resort Golf Course, the property blends tenant appeal with strong investment upside. The T-12 figures reflect an annual revenue of $202,530 and -$42,827 in expenses, producing an NOI of $159,703 with an average occupancy of 89%. Zoned C17, the property offers mixed-use flexibility for residential or commercial applications.
Features of 219 E Coeur D'alene Lake Dr
| MLS® # | 25-9246 |
|---|---|
| Price | $2,100,000 |
| Square Footage | 4,978 |
| Acres | 0.43 |
| Year Built | 1938 |
| Type | MultiFamily |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 219 E Coeur D'alene Lake Dr |
|---|---|
| Area | 01 - Cd'A Urban/Dalton |
| Subdivision | Glenmore |
| City | Coeur d'Alene |
| County | Kootenai |
| State | ID |
| Zip Code | 83814 |
Amenities
| View | City |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Electric, Heat Pump |
|---|---|
| Cooling | Wall Unit(s) |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Finished |
Exterior
| Exterior Features | Rain Gutters |
|---|---|
| Lot Description | Sprinklers In Rear, Sprinklers In Front, Irregular Lot, Landscaped, Level |
| Roof | Composition |
| Foundation | Concrete Perimeter |
School Information
| District | CDA - 271 |
|---|
Additional Information
| Zoning | C-17 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty Coeur d'Alene |
|---|