4623 W CATALPA DR Boise ID 83703-3916

Lee & Associates is pleased to present a rare opportunity to acquire a fully stabilized, nine-unit portfolio (four duplexes and one A-frame house) situated on over one acre in highly desirable North Boise.​ This true turnkey asset features down-to-the-studs renovations in eight of the nine units.​ All major systems have been replaced, minimizing capital expenditure risk, including new electrical, plumbing, HVAC, water heaters, and premium interior finishes.​ All nine units are currently operating as stable long-term rentals, offering significant value-add potential.​

Well-maintained grounds

Close proximity to park and bus line

10 Minutes from Downtown Boise

Extremely well located 9 units in North Boise! Most of the unit interiors have been renovated recently and rents are dramatically under market. This asset is zoned R-1C which conditionally allows 20 units (Buyer to verify with City). The property has mature landscaping on a little over 1 acre. The 9 units are divided between four duplexes and one completely remodeled A-frame house with a fenced in backyard. Each unit has washer and dryer hookups and machines are owned by the residents. The property is always full and residents love Catalpa Park across the street, living on the City Bus Line and the 10 min drive into Downtown Boise. All duplexes have low-maintenance vinyl siding that is in great shape and the A-frame was painted last year. There is additional income potential with a large vacant storage building with electricity. Price is based off of proforma rents and expenses, see flyer for breakdown. Showings scheduled with accepted offer. Please do not disturb residents.