318 E 4TH AVE

Cute, updated bungalow with great rental history, in high-growth area with dining and entertainment options nearby, several public waterfront parks, marinas, shopping and easy access to I90 for commuting to Coeur d'Alene or Spokane, WA. Per current SC5 zoning, this lot accommodates an apartment bldg by right with minimum density of 18 units/acre where the average density is closer to 50 units/acre, mixed use OR commercial development. 100's of Millions of dollars are being invested into local developments within a half mile radius, with Millworx mixed-use development down 4th, Stancraft re-developing Templins Resort and Marina 33, and all the development along Spokane St. Welcome to Post Falls City Center.

New Roof 2020, and during 2021 the home got new Laminate and vinyl floors, fresh paint, new interior trim, new light fixtures/electrical outlets & switches. The home has a great wrap-around covered porch, and the yard is fully fenced and landscaped. The detached garage with attached workshop and chicken coop, with alley access parking that can accommodate a boat or RV, round out this offering that would be a great option for personal occupancy, or continue to use as an established rental. Either way it's a great investment with the lot size and zoning.

Property produced $2400/month for years. Tested market at $2,500 with solid initial demand. No showings until 6/24/25, please do not disturb current tenants. Listing agent part owner/related to seller.