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33349409
33349410

2073 North Woodford Avenue, Meridian, ID 83646

DC
ID SP49131
TD
AB29772
$1,724,900
2 days on market
Updated 2 days ago

2073 North Woodford Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,776
Units 16
Cap Rate 4.60%
NOI $120,183
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 4.56%
Pro-Forma NOI $78,736
Price per SqFt $255
Year Built 1995
Buildings 2
Acreage 0.480
Zoning R-15
Parking Spaces 16 spaces
Parking Per SqFt 2.36
Ground Lease No

8 Unit Apartment Complex

Marketing description

Two fourplexes side by side at entrance of Bridgewood Park. Exceptional value with NO HOA! Buyer can keep management that has been there for decades, self-manage, or use their own trusted manager. Well maintained townhome units featuring 2 bdrms, 1 bath, all appliances, & covered parking for each unit. Desirable layout with all bdrms upstairs & no neighbors above or below, ideal for tenant privacy and long-term retention. Proven, consistent rental history with strong occupancy. See the rent roll which includes the long list of capital replacements already completed to include new roof in 2020. Centrally located in NW Meridian with easy access to everything making this a stable and attractive investment opportunity.

Investment highlights

Please submit offers to both listing agents contingent on touring all units & allow 2 bus. days to respond. Financial proforma, rent roll, list of capital improvements under the D-tab. NO HOA! No sign at the properties. Pease do not disturb tenants. BBATVA

Listing Contacts

DC
ID SP49131
TD
AB29772

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,183.00
$10,015.25/mo

Valuation Metrics

0
DSCR
6.97%
Cap Rate
6.97%
ROI

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Additional Information

Name
Danielle Costa
License
SP49131
Brokerage
Swope Investment Properties
Brokerage Phone
208-331-3531
Title
Shane Brown
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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