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536 Elba Ave 8 Unit Apartment Building $1,751,634 ($218,954/Unit) 5.50% Cap Rate Burley, ID 83318
Investment Highlights
- Eight (8) three-bedroom, two-bath units.
- 1350 total square feet, over two (2) floors.
- Well-maintained facilities, family developed (2020) and operated.
- Attached garages for each unit
- Offering consists of 5,400 total square feet of living area.
- Located in a rapidly growing area of Burley, with close proximity to the area’s major arterials, retailers, and services.
Executive Summary
Eight (8) three bedroom, two bath units.
• Attached garages for each unit
• 1,350 total square feet, over two (2) floors.
• Offering consists of 5,400 total square feet of living area.
• Well maintained facilities, family developed (2020) and operated.
• Located in a rapidly growing area of Burley, with close proximity to the area’s major arterials, retailers, and services.
• Ideally situated in a stable community with a strong population at the College of Southern Idaho and major employers such as Cassia Regional Hospital, McCain Foods, Dots Foods and more.
• Attached garages for each unit
• 1,350 total square feet, over two (2) floors.
• Offering consists of 5,400 total square feet of living area.
• Well maintained facilities, family developed (2020) and operated.
• Located in a rapidly growing area of Burley, with close proximity to the area’s major arterials, retailers, and services.
• Ideally situated in a stable community with a strong population at the College of Southern Idaho and major employers such as Cassia Regional Hospital, McCain Foods, Dots Foods and more.
Property Facts
| Price | $1,751,634 | Apartment Style | Garden |
| Price Per Unit | $218,954 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 5.50% | Building Size | 5,400 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2019 |
| Price | $1,751,634 |
| Price Per Unit | $218,954 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 5,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2019 |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | RPBB0010130100 | Improvements Assessment | $1,580,360 |
| Land Assessment | $122,075 | Total Assessment | $1,702,435 |
Property Taxes
Parcel Number
RPBB0010130100
Land Assessment
$122,075
Improvements Assessment
$1,580,360
Total Assessment
$1,702,435
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