3 months on rocket

802 Hotel St, Wallace, ID, 83873

$1,700,000

Home List Price

$10,000*

Closing Credit

0 Baths
7,770 SqFt
$219/SqFt
Multi
Schools Nearby

Location

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802 Hotel St, Wallace$1,700,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1914
HeatingElectric, Baseboard, Hot Water
ViewCity
MLS #24-634
Lot Size0.22 Acres
StatusActive

About 802 Hotel St

Your next investment awaits! This lucrative 12-unit apartment complex (zoned condominiums) features a well-balanced composition of (6) 1-bed, 1-bath units and (6) 2-bed, 1-bath units, promising a diverse and appealing rental offering. Boasting an impressive 6.1% cap rate and the advantage of individually metered units, this property ensures a robust and reliable return on investment. Its strategic location, within walking distance to shopping and dining, coupled with easy access to I90, enhances its overall desirability. Seize this turnkey opportunity, complete with a compelling incentive— at least 3 units are primed for rent increases, amplifying the potential for even greater profitability in your investment venture

Property Details

Property Features

Property Information:

  • Year Built: 1914
  • Living Area: 7,770 SqFt

Listing Office:

  • Office Name: ID Real Estate Ventures LLC
  • Office Email: illya.dotson@gmail.com

Interior Features

Interior Information:

  • Interior: Cable TV, Satellite

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Covered Porch, Curbs, Sidewalks

Lot Features

Lot Information:

  • Lot: Level, Open Lot
  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Electric, Baseboard, Hot Water

School Info

Assigned Schools Information:

  • Wallace Jr/Sr High School, Public District Grades 7-12

Other

Directions Information:

  • Directions: From I-90 EB, Exit 62 to 9th Street. Left to Hotel St., right to apartments.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,700,000
  • Price Per SqFt: $219/SqFt

Tax Information:

  • Annual Amount: $200
  • Tax Year: 2020
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MLS Details

MLS Information:

  • MLS Name: Coeur d'Alene Multiple Listing Service
  • MLS Number: #24-634

Listing Office:

  • Office Name: ID Real Estate Ventures LLC
  • Office Email: illya.dotson@gmail.com

Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the 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 from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. Copyright © 2024 Coeur d’Alene Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 9:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$200$5,600
2018$210$5,600
2017$217$5,600

History based on county public records data.

Payment Calculator

$8,552

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,163

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-5001722
2
/10

  • Wallace Jr/Sr High School

  • 1 Miners Aly

  • 0.37 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,682. The most common annual income of people living in Shoshone County, ID is less than $35k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Idaho›Shoshone County›Wallace›83873›802 Hotel St

This home is located at 802 Hotel St in Wallace, ID and zip code 83873. This 7,770 square foot home, which was built in 1914, sits on a 0.22 acre lot. It has been listed on Rocket Homes since January 25, 2024 and is currently priced at $1,700,000.

In April 2024 in Shoshone County, ID there were 11.8% more homes for sale than in March 2024. In April 2024, listings were on the market for 61 days. During the same period, the median list price in this real estate market was $320,000.

From Rocket Homes Real Estate and based on county public records data.

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