405 N 2nd E
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405 N 2nd E
8 Unit Apartment Building $760,000 ($95,000/Unit) 6.70% Cap Rate Mountain Home, ID 83647
Investment Highlights
- 8 Unit Apartment Building
- New Roof, windows, paint, exterior stairs, electric meter, and more.
- Sold "As-is" with current inspection report from AAD Inspection on file
Executive Summary
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.
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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $760,000 | Building Class | C |
| Price Per Unit | $95,000 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 4,284 SF |
| Cap Rate | 6.70% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1895/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.4/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $760,000 |
| Price Per Unit | $95,000 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,284 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1895/2022 |
| Parking Ratio | 1.4/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| Studios | 1 | - | - |
1 of 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | RPA009000A022AA | Total Assessment | $94,524 |
| Land Assessment | $35,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $59,324 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
RPA009000A022AA
Land Assessment
$35,200
Improvements Assessment
$59,324
Total Assessment
$94,524
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | C-2 |
| C-2 |
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405 N 2nd E
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