Description
Discover a compelling investment opportunity in the heart of Nampa, just steps away from the bustling Downtown Historic District's array of restaurants & boutiques. This unique offering comprises two distinct buildings, complemented by 6 off-street parking spaces & a revenue-generating billboard with its own power meter. Building #1 is a turn-key, fully-occupied & renovated 4-plex, delivering immediate cash flow. Recently updated plumbing, water heaters, windows, roof & individual electrical meters. Building #2, a triplex, is currently undergoing a strategic renovation (through the sheetrock phase), providing an incredible opportunity to customize finishes & significantly boost your return. This building will feature a 2BD/1BA, a 1BD/1BA, & a studio/1BA. New roof in 2022. Purchase now to realize a greater profit margin and finish the development yourself. The price is set to increase with each completed phase. Upon full completion, the estimated ARV is $1.4M at a 7.5% CAP rate (current CAP is 5.5%).
Directions: N on 12th Avenue, W on 2nd
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7BEDS
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0.16ACRES
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7BATHS
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01/2 BATHS
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5,327SQFT
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$235$/SQFT
School Information
Courtesy of Coldwell Banker Tomlinson.Description
Discover a compelling investment opportunity in the heart of Nampa, just steps away from the bustling Downtown Historic District's array of restaurants & boutiques. This unique offering comprises two distinct buildings, complemented by 6 off-street parking spaces & a revenue-generating billboard with its own power meter. Building #1 is a turn-key, fully-occupied & renovated 4-plex, delivering immediate cash flow. Recently updated plumbing, water heaters, windows, roof & individual electrical meters. Building #2, a triplex, is currently undergoing a strategic renovation (through the sheetrock phase), providing an incredible opportunity to customize finishes & significantly boost your return. This building will feature a 2BD/1BA, a 1BD/1BA, & a studio/1BA. New roof in 2022. Purchase now to realize a greater profit margin and finish the development yourself. The price is set to increase with each completed phase. Upon full completion, the estimated ARV is $1.4M at a 7.5% CAP rate (current CAP is 5.5%).
Directions: N on 12th Avenue, W on 2nd
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