$1,100,000
Priest River, ID 83856
MLS# 23-4101
Status: Closed
672 sqft
1 / 14
Property Description
Successful INVESTMENT PROPERTY with multiple streams of income and ONSITE property managers. This property runs with nearly 100% occupancy and is located just above the beautiful Pend Orville River! There are 14 RV hookups that rent at $500 each. The motel building includes 7 rooms total, including a manager's apartment with office. Each motel room is rented on a monthly basis. There is also a detached, single-family cottage that has 2 bedrooms and 1 bathroom. Both of the detached cottages and the manager's apartment have been updated recently. Multiple outbuildings and storage sheds. New well pump approximately 3 years ago. See documents tab for more information on rent rates and utilities. SELLER FINANCING is a possibility.
Details
Maps
Contract Information
Status: Closed
Listing Type: Business, Bld & Land
Area: North (Bonner & Boundary)
Neighborhood Grid #: 430
Begin Date: 2023-05-17
List Price: $1,100,000
Sold Date: 2023-11-30
Under Contract Date: 2023-11-03
Financing: Seller Financing
General Property Description
Building Style: Single Level
Basement: No
Year Built: 1950
New Construction: No
Total #/Bldgs: 3
Total SqFt.: 672
SqFt. 1: 672
ESTIMATED SqFt Source: Assessor
Lot Acres: 3.71
Lot Type 1: Commercial
Business Type: Motel/Hotel
Realtor.COM Type: Commercial
Legal and Taxes
Legal: 28-56N-5W ALBANY FALLS ORCHARD E 200FT OF LOT 11 TRACTS N OF GN RIVER COUNTRY MOTEL & RIVERVIEW RV PARK
AIN/Tax Bill: N/A
Parcel Number: RP00003000011GA
Zoning: Suburban
Directions: Located on the South side of Hwy 2 between Priest River and Old Town.
Taxes: 1016.38
Tax Year: 2022
Taxes Reflect 1: No Exemptions
Remarks
Public Remarks: Successful INVESTMENT PROPERTY with multiple streams of income and ONSITE property managers. This property runs with nearly 100% occupancy and is located just above the beautiful Pend Orville River! There are 14 RV hookups that rent at $500 each. The motel building includes 7 rooms total, including a manager's apartment with office. Each motel room is rented on a monthly basis. There is also a detached, single-family cottage that has 2 bedrooms and 1 bathroom. Both of the detached cottages and the manager's apartment have been updated recently. Multiple outbuildings and storage sheds. New well pump approximately 3 years ago. See documents tab for more information on rent rates and utilities. SELLER FINANCING is a possibility.
Address
Street Number: 3566
Street Name: Highway 2
State/Province: ID
Postal Code: 83856
County: Bonner
Property Subject To
CC&Rs: No
BID: No
Non-Mtg Lien: No
LID: No
Flood Zone: No
Aircraft Flight Zone: Unknown
Fire Protection Dist: Yes
Miscellaneous
Sec: 28
Twn: 56N
Rng: 05W
Rng Dir: WBM
Business Info
Inventory List Available?: No
Inventory Included in Sale Price?: Yes
Equipment Included in Sale Price?: Part
Confidential from Employees?: No
Property Features
Business Info: Non-Disclosure Agreement
View: Mountain(s); River; Territorial
Lot Features: Level; Open; Sloping
Interior Features: High Speed Internet; Wall Unit(s)
Exterior Features: Fencing - Partial; Landscaping; Lawn; Lighting; Paved Parking
Common Walls: No Common Walls
Fuel: Electric
Heating: Cadet
Other Structures: Shed; Storage
Basement: None-Crawl Space
Construction: Frame
Foundation: Concrete
Exterior: Vinyl
Roof: Comp Shingle; Metal
Road: Gravel; Paved
Water: Private Well
Sewer: Septic System
Terms Considered: 1031 Exchange; Cash; Conventional; Seller Financing
Listing Office: Keller Williams Realty Coeur d'Alene
Last Updated: October - 05 - 2024
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