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1280/1290 Indian Hills , #101-109 (X2)

Moscow, ID 83843
  • $4,300,000
  • STATUS: Active
  • ON SITE: 101 Days
  • MLS #: 98894973
UPDATED: 69 min ago
$4,300,000
  • 0
    BEDS
  • 1.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 23,400
    SQFT
  • $184
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2018
County:

School Ratings & Info

Intermountain MLS logoCourtesy of KW Palouse.

Description

Real estate investors, this is the opportunity you've been waiting for! 18 turn key units, built in 2018, with low vacancies, currently a 5% Cap Rate, and optionality! Here are just a few options to consider: Turn these units into individual condos and sell as singles leaving $1.5M of margin. Raise rents to generate an additional $70,000 of free cash flow and build in $1.4M of equity.

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Intermountain MLS logo© 2024 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Idaho Life Real Estate 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 2024-02-26T22:10:19.783.
www.idaholife.com/homes/145313031
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1280/1290 Indian Hills , #101-109 (X2) Moscow, ID 83843

  • Price: $4,300,000
  • Status: Active
  • On Site: 101 Days
  • Updated: 69 min ago
  • MLS #: 98894973
0
Beds
0
Baths
0
½ Baths
1.27
Acres
23,400
SQFT
$184
$/SQFT
2018
Built
Neighborhood:
Moscow - 2070
County:
Latah
Area:
Moscow - 2070
Property Description
Real estate investors, this is the opportunity you've been waiting for! 18 turn key units, built in 2018, with low vacancies, currently a 5% Cap Rate, and optionality! Here are just a few options to consider: Turn these units into individual condos and sell as singles leaving $1.5M of margin. Raise rents to generate an additional $70,000 of free cash flow and build in $1.4M of equity.
Exterior Features

Construction Materials Frame Lot Features 1 - 4.99 Acres Roof Composition

Interior Features

Above Grade Finished Area Units Square Feet Below Grade Finished Area Units Square Feet Building Area Total 23400 Cooling Wall/Window Unit(s) Cooling YN Yes Heating ElectricWall Furnace Heating YN Yes

Property Features

Business Type Multi-Family Land Lease YN No Listing Terms CashConventional Possible Use Land Suitable(Multifamily) Tax Legal Description 1.27 AC LOT 19 BLK 5 TAX #7737 REPLAT OF INDIAN HILLS 6TH LOTS 10-14 BLK 3; LOTS 3-5 & 10-20 BLK 5 17 39 5 Utilities Sewer Connected Water Source City Service

Intermountain MLS logoCourtesy of KW Palouse: 509-458-4000.


Intermountain MLS logo© 2024 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Idaho Life Real Estate 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 2024-02-26T22:10:19.783.
 
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Intermountain MLS logoCourtesy of KW Palouse.