1608 CEDAR ST SANDPOINT
100% Leased | Built in 2024 | 3 Units
Marketing description
Built in 2024, this well-designed three unit property offers a rare opportunity to own a low-maintenance income property in Sandpoint. The buildings feature two 2-bedroom, 1-bath units at 858 square feet each, along with a 1-bedroom, 1-bath unit at 624 square feet. Large windows, tall ceilings, and efficient layouts create bright, comfortable living spaces that tenants love. Each unit is finished with quartz countertops, stainless steel appliances, modern fixtures, LVP flooring, and energy-efficient mini-split HVAC systems. Situated on a quarter-acre lot, there is ample off-street parking and room to accommodate residents comfortably. Conveniently located near the Library, YMCA, and Travers Park, this property offers strong rental appeal in a desirable Sandpoint location. Fair seller financing terms available.
Investment highlights
- Multifamily • 3 Units • 2,340 SF
- New construction completed in 2024
- Low-maintenance investment property
- Proven rental income with established tenants
- Two 2-bedroom units and one 1-bedroom unit
- Modern construction with energy-efficient building practices
- Quartz countertops, stainless steel appliances, and LVP flooring
- Efficient mini-split HVAC systems in each unit
- Spacious floor plans with large windows and tall ceilings
- Quarter-acre lot with ample off-street parking
- Centrally located in Sandpoint near downtown amenities
- Close proximity to the Library, YMCA, Traverse Park, and schools
- Strong long-term rental demand in the Sandpoint market
- Potential for future rent growth
- Minimal near-term capital expenditure requirements
- Seller financing available for qualified buyers
- Opportunity to acquire a newer asset without renovation risk
- Fee-simple ownership with no HOA or CCR structure
- Attractive mix of unit sizes serving a broad tenant base
- Convenient access to employment, recreation, and services
- Strong appeal for both local and out-of-area investors
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