Rare opportunity to purchase a newly built Class A apartment complex. Comprised of 7 4-plexes on 2 acres. The property is being sold as one, but each 4-plex can be on its own parcel and sold off separately. Subdivision plat has been preliminarily approved. Property is being built out as a higher-end rental (quartz counters, SS appliances) & low maintenance, demanding high rents & yielding a huge 5.73% cap rate. Generate over $300K annually, or put 30% down, and still have a 6-figure+ residual income.
- Price:
- $5,499,900
- Bedrooms:
- 16
- Square Footage:
- 27,342
- Acreage:
- 2.02
- Year Built:
- 2021
- Listing ID #:
- 98792028
- Street Address:
- 622 N 44th St
- City:
- Nampa
- State:
- Idaho
- Postal Code:
- 83687
- County:
- Canyon
- Community:
- Nampa Ne (87) - 1250
- Subdivision:
- 0 Not Applic.
- Listing Status:
- Pending
- Listing Type:
- Residential Income
6-8
975 students
19 student/teacher
6-8
1200 students
18 student/teacher
9-12
1264 students
20 student/teacher
- Construction Type:
- Frame, Stone, Hardiplank Type
- Foundation:
- Crawl Space
- Number Of Units:
- 28
- Total Building Square Footage:
- 27342
- Type Of Roof:
- Composition
- Year Built:
- 2021
- Gross Income:
- 409651
- Net Operating Income:
- 314932
- Operating Expense:
- 94720
- Existing Land Use:
- 5+ Units
- Lot Features:
- 1 - 4.99 Acres, Irrigation, Sidewalks, Sbjt To Fair Housing Stnd
- Lot Size:
- 2.02
- Lot Size Units:
- Acres
- Lot Square Footage:
- 87991.2
- Days On Market:
- 254
- Originating Mls:
- Imls 2
- Terms:
- Cash, Conventional
- Hoa Y/N:
- Yes
- Ownership:
- Fee Simple
- Property Taxes:
- $889
- Tax Year:
- 2020
- Fence:
- Partial, Vinyl
- Parking Description:
- Finished Driveway
- Parking Spaces:
- 65
- Appliances:
- Disposal (all Units), Stove/Range (all Units), Refrigerator (all Units), Washer/Dryer (no Units)
- Cooling System:
- Central Air, All Units
- Electricity:
- 600, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter, Unit 5 Separate Meter, Unit 6 Separate Meter, Unit 7 Separate Meter, Unit 8 Separate Meter
- Existing Water:
- City Service
- Has Central Air Conditioning:
- Yes
- Heating:
- Electric, Forced Air, Heat Pump
- Laundry:
- Washer/Dryer Hookups (all Units)
- Utilities:
- Sewer Connected, Cable Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Silvercreek Realty Group
