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71 Freeman Ln

Hope, ID 83836
  • $2,500,000
  • STATUS: Active
  • ON SITE: 54 Days
  • ID#: 23-7351
Price Reduced
UPDATED: 192 min ago
$2,500,000
  • 4
    BEDS
  • 5.19
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
  • 3,268
    SQFT
  • $765
    $/SQFT
Neighborhood:
N/A
Type:
Single-Family Home
Built:
2002
County:

School Ratings & Info

School District:

Description

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.

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© 2023 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Coeur d' Alene.Data last updated: 2023-09-29T00:04:15.57.
www.idahohomelist.com/homes/142180081
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71 Freeman Ln Hope, ID 83836

  • Price: $2,500,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 192 min ago
  • ID#: 23-7351
4
Beds
4
Baths
1
½ Baths
5.19
Acres
3,268
SQFT
$765
$/SQFT
2002
Built
Neighborhood:
N/A
County:
Bonner
Area:
North (Bonner & Boundary)
School District:
Lk Pend Oreille - 84
Property Description
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.
Exterior Features

Attached Garage YN No Building Style Multi-Level Construction Materials HardboardFrame Exterior Features Covered PatioCovered PorchGardenPaved Parking Foundation Details Concrete Perimeter Garage Capacity 1 Car Garage Type Att Carport Lot Features LevelOpen LotWoodedCul-De-Sac Other Structures Shop SizeShed(S) Road Responsibility Public Maintained Road Road Surface Type Gravel Roof Metal View Mountain(S)Neighborhood View YN Yes

Interior Features

Appliances Propane Water HeaterRange/Oven - Elec Basement NoneCrawl Space Basement YN No Common Walls No Common Walls First Floor Laundry 1 Flooring LaminateVinylCarpet Heating ElectricPropaneForced AirBaseboardFireplace(S)Furnace Heating YN Yes Interior Features Dryer Hookup - ElecGas FireplaceHigh Speed InternetWasher Hookup Kitchen Island Yes Storage 1

Property Features

1031 Exchange Yes Additional Living Quarters Yes Additional Living Quarters Baths 2 Additional Living Quarters Bedrooms 3 Additional Living Quarters Description 2nd Home Additional Living Quarters Year Built 2002 Association YN No Building Area Total 3268 Cash Yes Conventional Yes Flood Zone Yes Idaho Housing Agency Yes Income Producing Yes Lot Type Residential New Construction No Property Sub Type Site Built > 2 Acres REOYN No Sewer Community SystemShared Septic Short Sale YN No Subject To Aircraft Flight Zone2 Unknown Subject To CCRs2 No Tax Annual Amount 0 Tax Year 2022 Water Source Shared Well Zoning Recreation

Listing provided courtesy of Tomlinson Sotheby's International Realty (Idaho): 208-667-1551.


© 2023 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Coeur d' Alene.Data last updated: 2023-09-29T00:04:15.57.
 
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