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
Tax Year
2023
Taxes
$3,261
Contact Us
Mortgage Calculator
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Listing courtesy of Silvercreek Realty Group
Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Realtor Association of Intermountain Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Cozy Boise include the name of the listing broker. Information provided by IMLS is deemed reliable but not guaranteed. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Intermountain Multiple Listing Service, Inc. All rights reserved.
911 2nd St S
Nampa, ID
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