Morris Hill Apartments
16-unit (4 x 4-plex) residential income property in the heart of Boise, Idaho!
Marketing description
Located only minutes to downtown Boise, Boise State University, Ann Morrison Park, Kathryn Albertson Park, I-184 and I-84 freeway access, and other large local area employers including Micron Technology, St. Luke's, and St. Al's. The Morris Hill Apartment complex is a collection of four (4) fourplex buildings (16 apartments total), each building individually parceled to offer flexibility with financing and/or future subdivision. Each building has two units on the main level (including a slab patio) and two units upstairs (including a deck). Each unit offers: 780 SF, 2 bedrooms, 1 full bathroom, living room, kitchen, dining room, washer/dryer hookups/closet, patio/deck, 1 covered parking space, and 1 exterior storage closet. Appliances included in each unit: electric stove/range, dishwasher, disposal. (Washers and dryers are tenant-owned.)
Investment highlights
- Front stairs/landings replaced at all buildings within last 5 years.
- Exterior paint at 3701 in 2022.
- Exterior paint at 3695, 3697, and 3703 in 2015.
- Fascia and gutters at 3701 in 2024.
- New HVAC in units #10, 11, and 12 in 2024.
- New water heaters in units #6, 10, and 14 in 2024-2025.
- When units turn over, generally we replace carpet/flooring as needed and freshen interior paint.
- Appliances evaluated on a regular basis for replacement/repair.
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