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5 Tiny-homes in Northend Boise

5 Separate buildings on one lot - Short or long-term rental opportunity - Northend Boise

Listing Contacts

Active

Asking Price: $1,315,000
Address 

2104 N 18th St, Boise, ID 83702

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Date Added
Aug 16, 2024
Days on Market
222 days
Time Since Last Update
30 days

Details

Property TypeMultifamily
SubtypeApartment Building
Investment TypeStabilized
Investment Sub TypeApartment
ClassB
Square Footage2,750
Net Rentable (sq ft)2,733
Price/Sq Ft$478.18
Cap Rate4.31%
Pro-Forma Cap Rate5.15%
NOI$56,673
Pro-Forma NOI$67,732
Units5
Year Built1947
Year Renovated2017
Buildings5
Stories1
ZoningR-1CH
Lot Size (acres)0.2
Parking (spaces)10
APNS0634325455
Price/Unit$263,000

Marketing Description

A gem of an investment in Boise's most desirable location! Blocks to the best the Northend has to offer - including Hyde Park, Camel's Back, foothill trails, & minutes to the heart of downtown Boise.​ Set on an oversized lot, each of the 5 'tiny houses,' have 1 bedroom, 1 bathroom, & a full kitchen.​ Remodeled in 2017.​ These cinderblock houses reflect Mid-Century design and are set along the perimeter of the lot.​ Residents love to enjoy large open courtyard in the center of the property.​ Property has been used as both long-term and short-term rental and currently has a mix.​ Roofs (4 of 5) were replaced in 2016-2017.​ Tucked away in Boise's Northend near shops,

restaurants, hiking, biking, parks, and so much more.​ Quickly access the Boise River, Bogus Basin Ski Resort, Boise State University, whitewater park, Quinn's Pond, greenbelt and other amazing adventures minutes from your front door.​

Investment Highlights

  • 5 Separate Buildings (Tiny-homes) on one lot.

  • Off-street parking.

  • Courtyard.

  • Opportunity for short-term or long-term rentals

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,673.00
$4,722.75/mo

Valuation Metrics

0
DSCR
4.31%
Cap Rate
4.31%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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