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612 N. Arthur 612 N Arthur Ave 2 Unit Apartment Building $289,900 ($144,950/Unit) 7.70% Cap Rate Pocatello, ID 83204
INVESTMENT HIGHLIGHTS
- Commercial zoning with residential use grandfathered
- Rear unit finished in 2022
- Corner lot
EXECUTIVE SUMMARY
TWO HOMES FOR THE PRICE OF ONE! CHARMING VINTAGE HOME IN FRONT AND SEPERATE SINGLE LEVEL APARTMENT IN BACK! 3 bedroom/1 bathroom home that compliments Pocatello's historic Old Town location. Original hardwood floors and woodwork still shine through nearly 90 years after being constructed and enhances the classic staircase that leads to two of the bedrooms. The former shop in the rear of the property has recently been finished into a spacious 2 bedroom apartment complete with laundry hookups. Tenants have access to off-street parking in front of the apartment while also enjoying a quaint, well landscaped backyard that is fenced. Front home rents for $1100, rear home rents for $975.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$24,900
|
$7.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$24,900
|
$7.11
|
| Taxes |
$2,614
|
$0.75
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,614
|
$0.75
|
| Net Operating Income |
$22,286
|
$6.37
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $24,900 |
| Annual Per SF | $7.11 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $24,900 |
| Annual Per SF | $7.11 |
| Taxes | |
|---|---|
| Annual | $2,614 |
| Annual Per SF | $0.75 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $2,614 |
| Annual Per SF | $0.75 |
| Net Operating Income | |
|---|---|
| Annual | $22,286 |
| Annual Per SF | $6.37 |
PROPERTY FACTS
| Price | $289,900 | Apartment Style | Townhome |
| Price Per Unit | $144,950 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 7.70% | Building Size | 3,500 SF |
| Gross Rent Multiplier | 11.64 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | C - Commercial zoning with residential use permitted. | ||
| Price | $289,900 |
| Price Per Unit | $144,950 |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| Gross Rent Multiplier | 11.64 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 3,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1935 |
| Opportunity Zone |
Yes |
| Zoning | C - Commercial zoning with residential use permitted. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Basement
- Dining Room
- Family Room
- Loft Layout
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $1,100 | 2,380 |
| 2+1 | 1 | $975.00 | 1,120 |
1 1
Walk Score®
Very Walkable (85)
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612 N. Arthur | 612 N Arthur Ave
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