Home  /  911 2nd St S Nampa ID 83651 MLS #98928685
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Incredible 4.5% cap rate investment opportunity in the heart of downtown Nampa, Idaho walking distance to your favorite eateries & entertainment! Property includes 2 multi-family buildings side-by-side, 6 parking spaces, & a rentable billboard box sign. *Building #1 is a fully renovated & occupied cash-flowing 4-plex. Including new roof, windows, separate electrical meters, plumbing & new water heaters. All properly permitted through the city. *Building #2 is a triplex currently under rehab. (2 bed, 1 bath / 1 bed, 1 bath / studio, 1 bath) New permitted roof installed in 2022 & 3 separate power meters. Demo permit approved, building permit coming soon. *Purchase project now at current price & condition & build in a greater profit. Price will increase as each phase of development gets finished. End ARV/price will be ~$1.4m. Inquire for current & ARV P&Ls. This is an incredible opportunity to build in substantially greater equity. Further value comes from the rentable billboard box sign on its own power meter.

Property Details

Price:
$920,000
MLS #:
98928685
Status:
Active
Beds:
7
Baths:
7
Address:
911 2nd St S
Type:
Multi Family
Subtype:
Other
Subdivision:
0 Not Applic.
Neighborhood:
Nampa NW (51) – 1270
City:
Nampa
Listed Date:
Nov 6, 2024
State:
ID
Finished Sq Ft:
5,327
Total Sq Ft:
5,327
ZIP:
83651
Lot Size:
6,970 sqft / 0.16 acres (approx)
Units:
7

Schools

School District:
Nampa School District #131
Elementary School:
Central
Middle School:
West Middle Nam
High School:
Nampa

Interior

Appliances
Disposal ( All Units), Stove/ Range ( All Units), Refrigerator ( All Units), Washer/ Dryer ( All Units)
Cooling
Ductless/ Mini Split
Flooring
Engineered Vinyl Plank
Heating
Ductless/ Mini Split

Exterior

Construction Materials
Stucco
Parking Features
R V Access/ Parking
Parking Spots
6
Roof
Composition

Financial

Net Operating Income
$45,544
Tax Year
2023
Taxes
$3,261

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