566 N Riley Creek Rd, Priest River, ID 83856

8 unit Apartment Complex, all 2 bed, 1 bath units, + large Main House, and a Mfg. Home. Strong rental history. Situated on 1.54 acres. Located in Laclede between Sandpoint (14 miles) and Priest River (8 miles). 3004 sq ft main house has 2 separate entrances that can be rented as 2 units. Originally built and used as a ministry, providing housing for people in the church. Rents were nominal and remain far below market. Market rents for comparable units is $1,200. Each unit currently rents for $680. Proforma with rents @ $1,000 is 9.91 cap rate. The property currently generates GSI of $87,000 2022 actual.