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537 Almo Ave 16 Unit Apartment Building $1,751,634 ($109,477/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.TOK
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 | $109,477 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.29 AC |
| Cap Rate | 5.50% | Building Size | 5,400 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment |
| Price | $1,751,634 |
| Price Per Unit | $109,477 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.29 AC |
| Building Size | 5,400 SF |
| No. Stories | 2 |
| Year Built | 2020 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 16 | - | 1,300 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,170,950 | |
| Land Assessment | $273,196 | Total Assessment | $3,444,146 |
Property Taxes
Parcel Numbers
Land Assessment
$273,196
Improvements Assessment
$3,170,950
Total Assessment
$3,444,146
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