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477 1st Street N

Nampa, ID 83651
  • $629,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 98858759
Price Reduced
UPDATED: 70 min ago
$629,000
  • 7
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,978
    SQFT
  • $211
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Ratings & Info

Intermountain MLS logoCourtesy of Fathom Realty.

Description

7 unit apartment complex for sale. Currently listed at a 5cap with only 4 of the 7 units occupied. Property is set up as follows: Units one - four are a fourplex style building with two units upstairs, two units down stairs. The two units downstairs are 65% complete on the remodel, before they can be leased out. Units five - seven are cottage units and do not share walls or roofs. Unit 5 and 7 are occupied and remodeled. Unit 6 is vacant and not remodeled. All occupied units are rented out at $850 a month. Fair market rent is $1000 a month per unit. All current leases are 12 month leases that are up for renewal as of 11/01/2022. Tenants pay their own power bills. Tenants pay a $35 fee monthly for water, sewer, and trash.

Directions: 11th Ave North, West side of Street

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Intermountain MLS logo© 2022 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 2022-10-01T12:10:29.86.
www.idaholife.com/homes/133263374
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477 1st Street N Nampa, ID 83651

  • Price: $629,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 70 min ago
  • MLS #: 98858759
7
Beds
0
Baths
0
½ Baths
0.29
Acres
2,978
SQFT
$211
$/SQFT
1940
Built
Neighborhood:
Nampa Ne (87) - 1250
County:
Canyon
Area:
Nampa Ne (87) - 1250
Property Description
7 unit apartment complex for sale. Currently listed at a 5cap with only 4 of the 7 units occupied. Property is set up as follows: Units one - four are a fourplex style building with two units upstairs, two units down stairs. The two units downstairs are 65% complete on the remodel, before they can be leased out. Units five - seven are cottage units and do not share walls or roofs. Unit 5 and 7 are occupied and remodeled. Unit 6 is vacant and not remodeled. All occupied units are rented out at $850 a month. Fair market rent is $1000 a month per unit. All current leases are 12 month leases that are up for renewal as of 11/01/2022. Tenants pay their own power bills. Tenants pay a $35 fee monthly for water, sewer, and trash.

Directions: 11th Ave North, West side of Street
Exterior Features

Construction Materials FrameWood Siding Fencing None Lot Features 10000 Sf - .49 Acre Parking Total 10 Roof Composition

Interior Features

Above Grade Finished Area Units Square Feet Below Grade Finished Area Units Square Feet Building Area Total 2978 Cooling None Cooling YN No Flooring Concrete Heating Wall Furnace Heating YN Yes Rooms Total 14

Property Features

Business Type Multi-Family Gross Income 45900 Listing Terms CashConventional Net Operating Income 39015 Operating Expense 6885 Possible Use Land Suitable(Multifamily)Residential Income Suitable(Duplex/Triplex/Fourplex) Property Attached YN Yes Tax Annual Amount 3525 Utilities Sewer Connected Water Source City Service

Intermountain MLS logoCourtesy of Fathom Realty: 208-576-4717.


Intermountain MLS logo© 2022 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 2022-10-01T12:10:29.86.
 
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Intermountain MLS logoCourtesy of Fathom Realty.