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415 S 11th E - 1085 E 4th S & 415-445 S 11th E 5 Unit Apartment Building Offered at $700,000 at a 5.50% Cap Rate Mountain Home, ID 83647
Investment Highlights
- Fourplex plus a house on one splitable lot with excess room for future development
- Easy access to I-84
- Excellent location across from the high school
Executive Summary
Fourplex and one house on one splitable Parcel. All units were remodeled in 2020. Improvements include new dual pane windows, cabinets, counter tops, SS appliances, EVP flooring, heaters, AC units, bathrooms, plumbing & lighting fixtures, roofs, paint inside and out all completed in 2020/21. All units have washer and dryer hookups & private fenced yards. Fully occupied with excellent rental history. Perfect for a 1031 exchange, or live on-site in the house and rent the fourplex to offset your mortgage. Parcel can be split with administrative process. Listing agent is owner/seller.
Property Facts
| Price | $700,000 | Lot Size | 0.30 AC |
| Price Per Unit | $140,000 | Building Size | 2,800 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.50% | No. Stories | 1 |
| No. Units | 5 | Year Built/Renovated | 1943/2020 |
| Property Type | Multifamily | Parking Ratio | 3.57/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R4 - multifamily | ||
| Price | $700,000 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 5 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.30 AC |
| Building Size | 2,800 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1943/2020 |
| Parking Ratio | 3.57/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4 - multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Yard
- Double Pane Windows
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $995.00 | 550 - 2,200 |
| 2+1 | 1 | $1,195 | 600 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | RPA0137016001AA | Improvements Assessment | $445,907 |
| Land Assessment | $61,600 | Total Assessment | $507,507 |
Property Taxes
Parcel Number
RPA0137016001AA
Land Assessment
$61,600
Improvements Assessment
$445,907
Total Assessment
$507,507
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415 S 11th E - 1085 E 4th S & 415-445 S 11th E
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