405 N 2nd E - Apartments FOR SALE


Mountain Home, ID 83647
$760,000 USD
208-344-6275
405 N 2nd E, Mountain Home, ID for Sale
$760,000 USD
Apartments - FOR SALE
1/34
null | 6.7% Cap Rate

405 N 2nd E
Mountain Home, ID 83647


HIGHLIGHTS

  • 8 Unit Apartment Building
  • Sold "As-is" with current inspection report from AAD Inspection on file
  • New Roof, windows, paint, exterior stairs, electric meter, and more.

OVERVIEW

Iconic 8-unit rental property in the center of Mountain Home! The location is prime and the property has excellent rental history. Vacant units rent within days. The property includes the large house in front and also the cottage rental unit in the back. New roof and exterior paint in 2020, new electrical meter and main service panel in 2020. Most windows were replaced in 2020. Units 1, 3, 6, 7, & 8 are updated. Units 4 and 5 are long-term tenants. Professionally managed. Being Sold "As-is" with AAD Inspection Report Available. Listing Agent is part-owner in property. Located in the center of Mountain Home, Idaho. Across the street from the newly renovated Towne Center Apartments (formerly motel), a block from Albertson's, just east of the Railroad Park, the home of the Mountain Home Farmer's Market. Minutes from I-84 and Mountain Home Airforce Base.

FOR SALE DETAILS

PRICE

$760,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

8

PRICE/UNIT

$95,000

CAP RATE

6.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1895

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,650 SF

ZONING

C-2

APN/PARCEL ID

RPA009000A022AA

ASK ABOUT THIS PROPERTY

Gregg DavisKW CommercialMore Info
208-344-6275

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Gregg DavisKW CommercialMore Info
208-344-6275

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