historical schoolhouse as centerpiece of a small complex

76 GreenTimblin Ln, Sandpoint, ID 83864

$900,000 After Repair Value -
$359,000 Asking Price -
$150,000 Cost of Repairs =
$391,000 Potential Profit

Property Details

Asking Price $359,000

After Repair Value $900,000

Costs of Repairs $150,000

Potential Profit $391,000

Living Area 9000 ft2

Property Type Unknown

Bedrooms 1

Bathrooms 3

Half Bathrooms N/A

Parking 1

Listed with Agent 1

Property Description

historical( built 1930) schoolhouse has had all systems upgraded, roof,insulation, windows, elec.,plumbing ,heating,cooling and firelids - erwise the schoolhouse is still configured the way it was when decommissioned in 1984. just waiting for someone with a dream. whether it be for a home ,business, school,or? the studio( resi.: 1000 SQ. FT. UP/ 1000 SQ. FT DOWN) is being used as a rental @ present. while the barn @ 2800 sq. ft. is presently being used as storage so the complex consists of 3 buildings,and 2 lots. the zoning is \"rural service\" allowing a multitude of uses . remember , the schoolhouse "IS"- A FULLY FUNCTIONING STRUCTURE ,RIGHT NOW!! this project sits at the backside of the schweitzer ski resort and is just of hwy .95. giving this project tremendous potential.

Repairs Needed

schoolhouse just needs to be occupant/ owner defined and thus finished, barn is rough wired and firetaped and its space needs to be finished. just a continuation of what has been started. this property as - is ,properly managed could be in a positive cash flow position , w/ proper management right now.


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