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911 2nd St S

Nampa, ID 83651
  • $920,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 98928685
UPDATED: 66 min ago
$920,000
  • 7
    BEDS
  • 0.16
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 5,327
    SQFT
  • $173
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Intermountain MLS logoCourtesy of Silvercreek Realty Group.

Description

Incredible 4.5% cap rate investment opportunity in the heart of downtown Nampa, Idaho walking distance to your favorite eateries & entertainment! Property includes 2 multi-family buildings side-by-side, 6 parking spaces, & a rentable billboard box sign. *Building #1 is a fully renovated & occupied cash-flowing 4-plex. Including new roof, windows, separate electrical meters, plumbing & new water heaters. All properly permitted through the city. *Building #2 is a triplex currently under rehab. (2 bed, 1 bath / 1 bed, 1 bath / studio, 1 bath) New permitted roof installed in 2022 & 3 separate power meters. Demo permit approved, building permit coming soon. *Purchase project now at current price & condition & build in a greater profit. Price will increase as each phase of development gets finished. End ARV/price will be ~$1.4m w/ 7.5% cap rate. This is an incredible opportunity to build in substantially greater equity. Further value comes from the rentable billboard box sign on its own power meter.

Directions: N on 12th Ave, W on 2nd to property

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Intermountain MLS logo© 2024 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Jon Gosche Real Estate, LLC are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2024-12-05T19:10:37.57.
www.boisemeridianrealestate.com/homes/157606440
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911 2nd St S Nampa, ID 83651

  • Price: $920,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 66 min ago
  • MLS #: 98928685
7
Beds
7
Baths
0
½ Baths
0.16
Acres
5,327
SQFT
$173
$/SQFT
Neighborhood:
0 Not Applic.
County:
Canyon
Area:
Nampa Nw (51) - 1270
Elementary School:
Central
Middle School:
West Middle Nam
High School:
Nampa
School District:
Nampa School District #131
Property Description
Incredible 4.5% cap rate investment opportunity in the heart of downtown Nampa, Idaho walking distance to your favorite eateries & entertainment! Property includes 2 multi-family buildings side-by-side, 6 parking spaces, & a rentable billboard box sign. *Building #1 is a fully renovated & occupied cash-flowing 4-plex. Including new roof, windows, separate electrical meters, plumbing & new water heaters. All properly permitted through the city. *Building #2 is a triplex currently under rehab. (2 bed, 1 bath / 1 bed, 1 bath / studio, 1 bath) New permitted roof installed in 2022 & 3 separate power meters. Demo permit approved, building permit coming soon. *Purchase project now at current price & condition & build in a greater profit. Price will increase as each phase of development gets finished. End ARV/price will be ~$1.4m w/ 7.5% cap rate. This is an incredible opportunity to build in substantially greater equity. Further value comes from the rentable billboard box sign on its own power meter.

Directions: N on 12th Ave, W on 2nd to property
Exterior Features

Construction Materials Stucco Lot Features Standard Lot 6000-9999 SFBus on City RouteR.V. ParkingSidewalks Parking Features RV Access/Parking Parking Total 6 Roof Composition

Interior Features

Above Grade Finished Area Units Square Feet Appliances Disposal (All Units)Stove/Range (All Units)Refrigerator (All Units)Washer/Dryer (All Units) Below Grade Finished Area Units Square Feet Building Area Total 5327 Cooling Ductless/Mini Split Cooling YN Yes Flooring Engineered Vinyl Plank Heating Ductless/Mini Split Heating YN Yes

Property Features

Association Fee 0 Association YN Yes Current Use 5+ Units Gas Unit 1 Separate MeterUnit 2 Separate MeterUnit 3 Separate MeterUnit 4 Separate MeterUnit 5 Separate MeterUnit 6 Separate MeterUnit 7 Separate Meter Gross Income 52800 Listing Terms CashConventional Lot Size Dimensions 99x69 Net Operating Income 45544 Operating Expense 7256 Ownership Fee Simple Property Sub Type Other Tax Annual Amount 3261 Tax Legal Description 22-3N-2W SW NAMPA ORIGINAL SE1/2 OF LTS 26&28 BLK 31 Tax Year 2023 Total Actual Rent 4400 Utilities Sewer Connected Water Source City Service

Intermountain MLS logoCourtesy of Silvercreek Realty Group: 208-377-0422.


Intermountain MLS logo© 2024 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Jon Gosche Real Estate, LLC are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2024-12-05T19:10:37.57.
 
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Jon Gosche Real Estate, LLC
Boise ID,
Intermountain MLS logoCourtesy of Silvercreek Realty Group.