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1310 Garland St 14 Unit Apartment Building $2,650,000 ($189,286/Unit) 5.67% Cap Rate Nampa, ID 83686
Investment Highlights
- 14-unit multifamily investment opportunity in Nampa, Idaho with 100% occupancy
- Attractive seller financing available with a pro forma 5.67% cap rate
- Value-add upside through rent increases, utility bill-backs, and garage income potential
- Convenient location near Downtown Nampa, I-84, retail, healthcare, and major employment centers
Executive Summary
100% leased 14-unit multifamily investment comprised of triplex, duplex, and single-family buildings situated on a 1.59-acre site. Value-add: currently self-managed, with the ability to increase rents, implement utility bill-backs, and charge separately for enclosed garages.
Property Facts
| Price | $2,650,000 | Apartment Style | Garden |
| Price Per Unit | $189,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.76 AC |
| Cap Rate | 5.67% | Building Size | 13,923 SF |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 2.15/1,000 SF |
| Price | $2,650,000 |
| Price Per Unit | $189,286 |
| Sale Type | Investment |
| Cap Rate | 5.67% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.76 AC |
| Building Size | 13,923 SF |
| No. Stories | 1 |
| Year Built | 1930 |
| Parking Ratio | 2.15/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1174700000 | Improvements Assessment | $2,500,610 |
| Land Assessment | $955,790 | Total Assessment | $3,456,400 |
Property Taxes
Parcel Number
1174700000
Land Assessment
$955,790
Improvements Assessment
$2,500,610
Total Assessment
$3,456,400
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1310 Garland St
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