439 Maple St - Apartments FOR SALE


Castleford, ID 83321
$497,500 USD
208-859-2818
439 Maple St, Castleford, ID for Sale
$497,500 USD
Apartments - FOR SALE
1/21
null | 7.8% Cap Rate

439 Maple St
Castleford, ID 83321


HIGHLIGHTS

  • HUD Guaranteed Rents
  • Many recent updates
  • High Demand, low vacancy
  • Additional utility reimbursement through HUD program

OVERVIEW

Guaranteed rents through HUD Section 8 housing. Well priced 4-plex in Castleford, Idaho. Must sell with the second 4-plex located at 321 Main, for a combined price of $995,000. These units have had extensive upgrades in the last few years - windows, roofs, paint, sidewalks, etc., ... Buyer will need to be approved for the HUD program and procure a HUD approved manager or become approved themselves to self-manage. Once you are in the program, you can add additional units anywhere in Idaho as they come available. Low turnover as tenants receive rent assistance based upon ability to pay + a utility allowance. Proforma rents are the new rates for 2024 which will begin as the leases turn over. Please do not disturb tenants. Seller may elect to do an IRC Section 1031 Exchange at no cost to buyer. BTVA.

FOR SALE DETAILS

PRICE

$497,500 USD

PRICE/SF

$155 USD /SF

# OF UNITS

4

PRICE/UNIT

$124,375

CAP RATE

7.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Balanced Rock Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,502 SF

ZONING

Residential

APN/PARCEL ID

RPC9501011003AA

ASK ABOUT THIS PROPERTY

Curtis EllisElevate Realty, Commercial & InvestmentsMore Info
208-859-2818

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Curtis EllisElevate Realty, Commercial & InvestmentsMore Info
208-859-2818

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