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402 N Michigan Ave
Caldwell, ID 83605
Marble Front Apartments · Multifamily Property For Sale · 14 Units

Property Facts

No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.05 AC
Building Size 15,478 SF
No. Stories 2
Year Built/Renovated 1995/2005
Parking Ratio 1.8/1,000 SF
Zoning R-3

About 402 N MICHIGAN AVE , CALDWELL, ID 83605

100% Occupancy Huge Upside potential Possible 7.83% Cap Rate with conversion of managers office to 15th Unit Estimated cost of office conversion to 2 bed, 1 bath is $20,000 Expenses are at 33.5% Park and Playground area in the middle of the complex Part of the HUD HOME Program through 2025 5 buildings consisting of 13 Units of 3 bed/1 bath and 1 Unit that is 2 bed/1 bath. Less than 1/3 of a mile from 10th Ave Exit and 1 mile from Historic Downtown Caldwell Located less than 200 yards from Caldwell' s Luby Park

Property Taxes

Property Taxes

Parcel Number
0700500000
Land Assessment
$423,290
Improvements Assessment
$2,795,510
Total Assessment
$3,218,800
  • Listing ID: 4652088

  • Date on Market: 10/19/2016

  • Last Updated:

  • Address: 402 N Michigan Ave, Caldwell, ID 83605

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