71 Freeman Ln is a $2,500,000, 3,168 square foot home on a 5.61 acre lot located in Hope, ID.
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.
| Basement | None |
| Appliances | None |
| Heating Types | Baseboard Forced Air Furnace |
| Exterior Features | Public Maintained Road Lawn Cul-De-Sac Level Wooded No Common Walls Gravel Shed(s) Workshop |
| Views | Mountain(s) Neighborhood |
| Roof | Metal |
| Construction Types | Frame Hardboard Concrete Perimeter |
| Sewer | Shared Septic |
| Property Type | Commercial Sale |
| Property Sub Type | Mixed Use |
| Style | Multi Level See Remarks |
| Year Built | 2002 |
| HOA Fee | $0.00 |
| Taxes | $0.00 |
| County | bonner |
Based on information from the Coeur d'Alene Multiple Listing Service, last updated 12/03/2023 at 07:34am MST. Listing 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 deemed reliable but not guaranteed by the MLS or this website.
