About 71 Freeman Ln
ATTENTION INVESTORS: Long or short-term rental opportunity. 5 homes on 5 acres. Minutes from Sandpoint, ID, Schweitzer Mtn Ski Resort, and The Idaho Club Golf Course. Located off SH-200 in Hope Idaho, in the heart of the Trestle Creek Recreational Area. Public beach and boat launch across the street. Up the road is National Forest. With the extensive summer and winter recreation, this would make a great vacation retreat, boutique bed and breakfast or private rental community. Main home is 3168 sq ft |4 bed, 4.5 bath w/ensuite baths off all 4 rooms. 3 single family homes are 1260 sq ft each |3 bed, 2 baths. The cabin is 672 sq ft |2 bed, 1 bath. This is an extremely rare opportunity to achieve economy of scale with 5 rentals on one property with the flexibility of Recreational Zoning. Currently being used as transitional housing & run by a non-profit with rent calculated as a % of income. Open market rents are substantially higher. Short term rental pro-forma is a 7.2 cap rate.
Features of 71 Freeman Ln
| MLS® # | 23-7357 |
|---|---|
| Price | $2,500,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,168 |
| Acres | 5.61 |
| Year Built | 2002 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Style | Multi Level |
| Status | Active |
Community Information
| Address | 71 Freeman Ln |
|---|---|
| Area | North (Bonner & Boundary) |
| City | Hope |
| County | Bonner |
| State | ID |
| Zip Code | 83836 |
Amenities
| View | Mountain(s), Neighborhood |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Electric, Propane, Forced Air, Baseboard, Fireplace(s), Furnace |
|---|---|
| Fireplace | No |
| Has Basement | No |
| Basement | None |
Exterior
| Exterior Features | Lawn |
|---|---|
| Lot Description | Level, Open Lot, Wooded, Cul-De-Sac |
| Roof | Metal |
| Foundation | Concrete Perimeter |
Additional Information
| Zoning | Recreation |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Tomlinson Sotheby's International Realty (Idaho) |
|---|