2574 Fairway Dr Coeur d'Alene, ID 83815

Property Details for 2574 Fairway Dr

Year built

1975

Lot size

0.26 lot acres

Property size

2,842 SF

Property type

Residential income homes

APN

C00000037120

Description

This exceptional investment opportunity presents a meticulously maintained, two-unit duplex ideally situated in Coeur d'Alene, Idaho, at 2574 Fairway Dr, 83815. Boasting a total of 2,842 square feet, this Class C property, built in 1975 and extensively renovated in 2022, offers stunning views of the public golf course. Each of the two units comprises three bedrooms and two bathrooms, spread across a split-level design. The units feature attached two-car garages, providing ample parking (four spaces total). Inside, residents will appreciate the spaciousness, with each unit encompassing approximately 2,000 square feet, highlighted by large bedrooms, generously sized closets, new windows, fresh carpeting, and attractive built-in features. Additional amenities include a covered and enclosed deck, a convenient lower-level laundry room, and a fully fenced backyard. The property sits on a 0.26-acre lot. Currently operating at 100% occupancy, generating a Net Operating Income (NOI) of $27,635 and a 4.25% cap rate, this property presents a strong return on investment. The asking price is $649,900, translating to $324,950 per unit and $228.68 per square foot. Seller financing is available, contingent upon successful underwriting and credit approval, requiring a minimum 20% down payment, a 9% interest rate, a 30-year amortization schedule, and a 5-year balloon payment. This turnkey investment is conveniently located near shopping and dining options, making it an attractive proposition for both owner-occupants and investors. The property's Kootenai County location and address are confirmed. The APN is C00000037120. New siding is currently being installed on both units.

Location Insight

City

Coeur d'Alene

County

Kootenai

State

Idaho

Longitude

-116.8208637

Latitude

47.70266461