1313 N Division Ave A, C, & Storage Units | Sandpoint, ID
Mixed Use | 4,350 SqFt
Marketing description
ATTENTION INVESTORS This unique opportunity at 1313 N Division brings you three income-generating properties in one, all in a prime industrial-zoned location. Here's what's included: Property 1: A fully leased 12-unit storage facility--(11) 10' x 20' units and (1) larger 15' x 20' unit. A turnkey setup for steady cash flow with low maintenance. Property 2: A fully remodeled 2 bed, 1 bath condo (Unit A) offering 850 sq ft of modern living. Leased and includes its own 10' x 20' storage unit--great added value for tenants. Property 3: A 3 bed, 1 bath condo (Unit C) with 1,000 sq ft. Leased and full of potential for future upgrades. Includes an additional 10' x 20' storage unit. With industrial zoning, the property allows short-term rentals and offers solid potential for rent increases. All units are currently leased, including the storage facility.
Investment highlights
Three Income Streams in One: A diversified portfolio featuring a 12-unit storage facility and two residential condos on a single site.
Path to 100% Ownership: Rare opportunity to eventually own the entire building, as owners of the remaining two condos have expressed interest in selling.
Fully Leased & Turnkey: 100% occupancy across all storage units and residential spaces, providing immediate cash flow upon acquisition.
Strategic Industrial Zoning: Flexible zoning allows for a variety of uses, including the high-demand option for short-term rentals.
Storage Facility Revenue: Low-overhead storage component includes (11) 10' x 20' units and (1) 15' x 20' unit.
Recent Capital Improvements: Unit A is fully remodeled with 850 sq. ft. of modern finishes; Unit C offers 1,000 sq. ft. with potential for future value-add upgrades.
Tenant Incentives: Both residential units include a 10' x 20' storage unit, increasing rental value and marketability.
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