215 Montana St Oldtown, ID 83822
- Land
- 2.31 lot acres
Current Use by Public Records
- Land
Property Details for 215 Montana St
- Lot size
- 2.31 lot acres
- Property type
- Land
Description
This exceptional 2.31-acre property in Oldtown, Idaho, presents a unique investment opportunity. Located at 215 N Montana St, 83822, this level building site boasts stunning Pend Oreille River and mountain views, with direct river access. Zoned for multi-unit residential development, it's ideal for creating much-needed housing in the area, accommodating possibilities such as multi-unit housing, tiny homes, or rental properties. The property includes a large shop building suitable for storage, garage parking, or other creative uses. Currently, four mobile homes are rented on-site, showcasing the property's existing rental income potential. Conveniently located near Oldtown and Newport, Washington, this property offers city services and public road access. A public boat launch is situated across the river. The seller is open to financing options, with a minimum of 20% down payment required, and terms negotiable. This is a rare chance to acquire a prime riverfront development site with existing infrastructure and income potential. The property's history includes seven mobile home units and RV sites, demonstrating its versatility and capacity for various housing solutions. This level building site and public utilities make development straightforward and efficient.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oldtown
- County
- Bonner
- State
- Idaho
- Longitude
- -117.036
- Latitude
- 48.1827
