405 N 2nd E- Mountain Home -8 units
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405 N 2nd E St, Mountain Home, ID 83647
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Marketing Description
Iconic 8-unit rental property in the center of Mountain Home! The location is prime and the property has excellent rental history. Vacant units rent within days. The property includes the large house in front and also the cottage rental unit in the back. New roof and exterior paint in 2020, new electrical meter and main service panel in 2020. Most windows were replaced in 2020. Units 1, 3, 6, 7, & 8 are updated. Units 4 and 5 are long-term tenants. Professionally managed. Being Sold "As-is" with AAD Inspection Report Available. Listing Agent is part-owner in property.
Located in the center of Mountain Home, Idaho. Across the street from the newly renovated Towne Center Apartments (formerly motel), a block from Albertson's, just east of the Railroad Park, the home of the Mountain Home Farmer's Market. Minutes from I-84 and Mountain Home Airforce Base.
Investment Highlights
8 units (large front building contains 7 units and cottage building in the rear contains 1 unit)
New electric meter and service to building 2021
New roof in 2020
New windows 2022
New paint 2022
New gutters 2022
New exterior stairs 2024
Most units updated since 2020 (two remain)
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