1401 Oakley Ave - Apartments FOR SALE


Burley, ID 83318
$2,249,371 USD
208-219-0281
1401 Oakley Ave, Burley, ID for Sale
$2,249,371 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

1401 Oakley Ave
Burley, ID 83318


HIGHLIGHTS

  • Recently renovated
  • Brick exterior

OVERVIEW

14 Apartments. Good mix of sizes ranging from 627 SF to 1309 SF, 1-1bed with bonus, 3-2bed with bonus, 4-2bed, 6-3bed. All 1 bath. Gutted to the brick and foundation and rebuilt in 2021. New plumbing, electrical, HVAC, framing, roof, kitchens, bathrooms, flooring, and finishes. All electric. Each apartment has a ductless with AC in main area and wall heaters in bed/bath. Convenient location next to Family Dollar, banks, and other businesses on Overland and Main St. Tenants pay water, sewer, trash and electric to the city of Burley. The landscaping is all rock so no mowing expense. There are 3 coin operated washers and dryers in the basement for laundry, no laundry in the individual apartments, this makes another revenue center and less appliances to take care of. he original building was built in 1916, with a large addition in 1955. Owner pays, 1 electric meter for common areas IE exterior lights, laundry, common entryways. Tenants pay around $75-100 per month to the city for WST and electric combined bill.

FOR SALE DETAILS

PRICE

$2,249,371 USD

PRICE/SF

$166 USD /SF

# OF UNITS

14

PRICE/UNIT

$160,669

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

-

APN/PARCEL ID

RPBB001152013A

ASK ABOUT THIS PROPERTY

Darren JentzschSilvercreek Realty GroupMore Info
208-219-0281

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Darren JentzschSilvercreek Realty GroupMore Info
208-219-0281

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.