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4623 W Catalpa Dr 9 Unit Apartment Building $3,149,000 ($349,889/Unit) Boise, ID 83703
INVESTMENT HIGHLIGHTS
- Well-Maintained Grounds
- 10 Minutes From Downtown Boise
- Close Proximity To Park And Bus Line
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $3,149,000 | Building Class | C |
| Price Per Unit | $349,889 | Lot Size | 1.02 AC |
| Sale Type | Investment | Building Size | 6,992 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1968 |
| Apartment Style | Garden | Parking Ratio | 2.57/1,000 SF |
| Zoning | R-1C | ||
| Price | $3,149,000 |
| Price Per Unit | $349,889 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 6,992 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 2.57/1,000 SF |
| Zoning | R-1C |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 750 - 825 |
| 2+2 | 3 | - | 1,200 - 1,250 |
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PROPERTY TAXES
| Parcel Number | S0629314837 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,861,900 |
PROPERTY TAXES
Parcel Number
S0629314837
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,861,900
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4623 W Catalpa Dr
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