Description

71 Freeman Ln Hope, Idaho 83836

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.

Call Bennett Realty Group, Keller Williams Realty (208) 818-0002 for more info.
Seller Represented by: Tomlinson Sotheby’s International Realty (Idaho)
Prepared by Bennett Realty Group on September 29th, 2023 This information is provided solely for informational purposes and does not constitute an offer to sell, rent, or advertise real estate outside the state in which the information provider is licensed. Information provider is making no warranties or representations concerning any property including availability. The 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. The information on this sheet has been made available by the MLS and may not be the listing of the provider.