Listed by KW Commercial Boise
$700,000
415-445 S 11th E & 1085 E 4th S
Details
APN RPA0137016001AA
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,800
Units 5
Cap Rate 5.47%
NOI $38,295
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.10%
Pro-Forma NOI $42,695
Price per SqFt $243
Year Built 1943
Buildings 2
Stories 1
Acreage 0.300
Zoning R-4 City of Mountain Home
Investment Type Stabilized
5 Units with excess land | 5.5% CAP | 5 Units
Marketing description
Fourplex and one house on one splitable Parcel. All units were remodeled in 2020. Improvements include new dual pane windows, cabinets, counter tops, SS appliances, EVP flooring, heaters, AC units, bathrooms, plumbing & lighting fixtures, roofs, paint inside and out all completed in 2020/21. All units have washer and dryer hookups & private fenced yards. Fully occupied with excellent rental history. Perfect for a 1031 exchange, or live on-site in the house and rent the fourplex to offset your mortgage. Parcel can be split with administrative process. Listing agent is owner/seller.
Located directly across the street from Mountain Home High School. Excellent neighborhood and easy access to I-84.
Investment highlights
- Fourplex and one house on one splitable Parcel
- All units were remodeled in 2020
- Improvements include new dual pane windows, cabinets, counter tops, SS appliances, EVP flooring, heaters, AC units, bathrooms, plumbing & lighting fixtures, roofs, paint inside and out all completed in 2020/21
- All units have washer and dryer hookups & private fenced yards
- Fully occupied with excellent rental history
- Perfect for a 1031 exchange, or live on-site in the house and rent the fourplex to offset your mortgage
- Parcel can be split with administrative process
- Located directly across the street from Mountain Home High School
- Excellent neighborhood and easy access to I-84
Listing Contacts
Listed by KW Commercial Boise
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$38,295.00
$3,191.25/mo
Valuation Metrics
0
DSCR
5.47%
Cap Rate
5.47%
ROI
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