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.
Sold on 12/06/23
Price Unknown
566 N Riley Creek Rd, Priest River, ID 83856
6beds
5baths
9,980sqft
Duplex
Built in 1984
-- sqft lot
$-- Zestimate®
$--/sqft
$1,298 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,298/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 07, 2023 at 08:46am
Listed by:
Shannon Schulz 208-500-1434,
TOMLINSON SOTHEBY`S INTL. REAL,
Greg Schulz
Source: SELMLS,MLS#: 20231728
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- Electric, Oil
Cooling
- None
Appliances
- Included: Unit 1 Refrigerator, Unit 2 Refrigerator, Unit 3 Refrigerator, Unit 4 Refrigerator, Unit 5 Refrigerator, Unit 1 Stove, Unit 2 Stove, Unit 3 Stove, Unit 4 Stove, Unit 5 Stove
- Laundry: Laundry Room
Features
- Basement: Daylight,Walk-Out Access
Interior area
- Total structure area: 9,980
- Total interior livable area: 9,980 sqft
- Finished area above ground: 8,468
- Finished area below ground: 1,512
Property
Parking
- Total spaces: 6
- Parking features: Attached, 2 Car Attached, 3+ Car Carport, Off Street, 3+ Assigned
- Attached garage spaces: 3
- Has carport: Yes
Features
- Levels: One,Two
- Stories: 2
- Patio & porch: Covered Patio, Covered Porch
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 1.54 Acres
- Features: In Town, Surveyed, Other, Level, Mature Trees
Details
- Parcel number: RP56N03W303137A
- Zoning description: Suburban
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Duplex
Materials
- Frame, Block, Fiber Cement
- Foundation: Slab
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 1984
Utilities & green energy
- Gas: No Info
- Sewer: Private Sewer
- Water: Community
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Priest River
- Subdivision: Id
Other
Other facts
- Ownership: Fee Simple
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/6/2023 | Sold | -- |
Source:  SELMLS #20231728 Report a problem | ||
| 11/22/2023 | Pending sale | $1,220,750$122/sqft |
Source:  Coeur d'Alene MLS #23-5917 Report a problem | ||
| 9/12/2023 | Price change | $1,220,750-5%$122/sqft |
Source: Coeur d'Alene MLS #23-5917 Report a problem | ||
| 6/29/2023 | Listed for sale | $1,285,000$129/sqft |
Source: Coeur d'Alene MLS #23-5917 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $3,140 -15.4% | $511,719 |
| 2022 | $3,712 -21.9% | $511,719 0% |
| 2021 | $4,752 +3% | $511,819 +10.4% |
Find assessor info on the county website
Neighborhood: 83856
Nearby schools
GreatSchools rating
- 5/10Priest River Elementary SchoolGrades: PK-6Distance: 6.9 mi
- 5/10Priest River Jr High SchoolGrades: 7-8Distance: 7.5 mi
- 1/10Priest River Lamanna High SchoolGrades: 9-12Distance: 7.4 mi
Schools provided by the listing agent
- Middle: Priest River
- High: Priest River
Source: SELMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.