602&606 Government, Coeur d'Alene, ID 83814

$1,890,000
6
BD
3
BA
4,106
SqFt
List Price
$1,890,000
Status
ACTIVE
MLS#
24-6120
Style
Multi-Level
Year Built
1916
Days on Market
29
Bedrooms
6
Bathrooms
3
Acres
0.31
Living Area
4,106
Region
01 - Cd'A Urban/Dalton
Subdivision
Blackwell Park
Type
Single Family Residential

Property Description

Attention Investors and Developers: Here is an excellent opportunity to acquire both 606 & 606 N Government Way properties in CDA. These contiguous properties make up 0.31 acres within the DO-N (Downtown - North) Overlay District. Utilizing Infill Design Standards found on the City of CDA's website under ''Planning Dept'', this property is potentially open to development (with bonuses) up to an allowable 2.0 multiplier (FAR) floor area ratio. On 0.31 acres, this can amount up to 27,000 SF of livable area that can be developed, minus floor area dedicated to parking, elevators, and other variables. This DO-N Overlay district FAR calculation places no restriction on the number of units that can be built, as long as acceptable SF is not exceeded & the maximum building height of 45 ft is not exceeded. With this in mind, you are encouraged to bring your vision and plans to bear on this excellent opportunity. Both homes have a history of rental income that garner +$4,000 / mo.

Additional Information

Taxes
$6,168
Lot Features
Corner Lot, Level, Open Lot
Interior Features
Cable TV, Fireplace, Smart Thermostat
Basement
Cellar
Heating
Cadet, Natural Gas, Wood, Fireplace(s), Ductless
Exterior Features
Covered Porch, Fencing - Partial, Garden, Landscaping, Open Patio, Sidewalks, Sprinkler System - Front, Lawn
Exterior
Lap Siding
Water
Public
Sewer
Public Sewer
Garage Description
Det Garage
School District
CDA - 271

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Coeur d'Alene.