Brogan Drive Four-Plexes | 9212 W Brogan Dr
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Brogan Drive Four-Plexes 9212 W Brogan Dr
24 Unit Apartment Building $5,100,000 ($212,500/Unit) 5.24% Cap Rate Boise, ID 83709
Executive Summary
Discover modern comfort and convenience in these 2007-built four-plexes on Brogan Drive in Boise. These spacious 3-bedroom, 2-bath units boast contemporary living with rents ranging from $1195 to $1595. The HOA, at $395/month per four-plex, covers a plethora of amenities, including lawn care, snow removal, parking lot maintenance, fire suppression monitoring, trash services, exterior insurance, roof and siding maintenance, and irrigation water. These are built as 8-Plexes but taxed as 4-Plexes with each 4-plex having it's own parcel number. Taxes are very reasonable at $3957/per 4-plex.
Managed by Riverside Boise Property Management at an efficient 5.25%, this property offers hassle-free living. With a total of six four-plexes available in the same complex, seize the opportunity for a lucrative investment.
Managed by Riverside Boise Property Management at an efficient 5.25%, this property offers hassle-free living. With a total of six four-plexes available in the same complex, seize the opportunity for a lucrative investment.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$430,560
|
$15.23
|
| Other Income |
$25,820
|
$0.91
|
| Vacancy Loss |
$8,611
|
$0.30
|
| Effective Gross Income |
$447,769
|
$15.84
|
| Taxes |
$23,838
|
$0.84
|
| Operating Expenses |
$85,065
|
$3.01
|
| Total Expenses |
$108,903
|
$3.85
|
| Net Operating Income |
$338,866
|
$11.99
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $430,560 |
| Annual Per SF | $15.23 |
| Other Income | |
|---|---|
| Annual | $25,820 |
| Annual Per SF | $0.91 |
| Vacancy Loss | |
|---|---|
| Annual | $8,611 |
| Annual Per SF | $0.30 |
| Effective Gross Income | |
|---|---|
| Annual | $447,769 |
| Annual Per SF | $15.84 |
| Taxes | |
|---|---|
| Annual | $23,838 |
| Annual Per SF | $0.84 |
| Operating Expenses | |
|---|---|
| Annual | $85,065 |
| Annual Per SF | $3.01 |
| Total Expenses | |
|---|---|
| Annual | $108,903 |
| Annual Per SF | $3.85 |
| Net Operating Income | |
|---|---|
| Annual | $338,866 |
| Annual Per SF | $11.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Eat-in Kitchen
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
- Walk-In Closets
- Carpet
- Breakfast Nook
- Freezer
- Island Kitchen
- Lawn
- Pantry
- Patio
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 24 | $1,445 | 1,172 |
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Brogan Drive Four-Plexes | 9212 W Brogan Dr
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