Description
Excellent opportunity to own an 8% CAP rate four-plex less than a mile from Northwest Nazarene University, city parks, and old town Nampa shopping and restaurants. While the property is fully-rented at this time, one unit is coming up for renewal this summer, creating an immediate opportunity for an owner-occupant to purchase the building and self-manage the property for even higher returns. The other three units are leased through January 2026. This property is in turn-key condition with many recent updates. The floor plan features three one-bedroom units on the main floor and one three-bedroom unit in the basement. Property video available upon request. The owner is willing to continue managing the property for 8% of the gross rent per month. BTVAI. No sign on property, please do not disturb tenants.
Directions: 16th Ave S, W on 4th St, S on 15th Ave S
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6BEDS
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0.16ACRES
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4BATHS
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01/2 BATHS
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2,928SQFT
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$222$/SQFT
School Information
Courtesy of Coldwell Banker Tomlinson.Description
Excellent opportunity to own an 8% CAP rate four-plex less than a mile from Northwest Nazarene University, city parks, and old town Nampa shopping and restaurants. While the property is fully-rented at this time, one unit is coming up for renewal this summer, creating an immediate opportunity for an owner-occupant to purchase the building and self-manage the property for even higher returns. The other three units are leased through January 2026. This property is in turn-key condition with many recent updates. The floor plan features three one-bedroom units on the main floor and one three-bedroom unit in the basement. Property video available upon request. The owner is willing to continue managing the property for 8% of the gross rent per month. BTVAI. No sign on property, please do not disturb tenants.
Directions: 16th Ave S, W on 4th St, S on 15th Ave S
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