2220 S. Hervey St. 2220 S Hervey St 9 Unit Apartment Building $1,300,000 ($144,444/Unit) 4.38% Cap Rate Boise, ID 83705
EXECUTIVE SUMMARY
Take a look at this wonderful investment opportunity on the Boise Bench! Nine rental apartment units sit together on .83 Acre, with a shared parking lot and common grass areas. There is a storage unit on-site for the rentals, and a community coin-op laundry room. This property is in a great location very near the Vista freeway exit, and just up the hill from downtown.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS Under Contract
| Price | $1,300,000 |
| Price Per Unit | $144,444 |
| Sale Type | Investment |
| Cap Rate | 4.38% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 8,001 SF |
| No. Stories | 1 |
| Year Built | 1946 |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walk-Up
- Smoke Detector
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ZONING
| Zoning Code | R-2 |
