Prime 4-unit (1 commercial 3 apartments) investment property in Spirit Lake generating $42,000 annually ($3,500/month) at a strong cap rate with immediate value-add potential through below-market rents. This well-maintained 3,600 sq ft multifamily with ground floor commercial space features updated roof and paint, stable tenants and no vacancies, separate utilities, great location on Maine Street, just a block to the lake, and perfectly positioned as a gateway to North Idaho. Potential opportunity with any building update grants through National Historic Register. Current rents are below market rates, providing additional annual income potential. Turnkey investment ready to transfer – all units occupied with low turnover in North Idaho’s high-demand rental market!