Incredible 5.4% cap rate investment opportunity w/ massive room to add value 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, & 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 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 w/ 7.5% cap rate. 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.
MLS# | 98933024 |
---|---|
Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 0 |
Days On Site | 36 |
Listing Provided By | Silvercreek Realty Group | Aaron Williams |
Bed(s) | 7 |
---|---|
Bath(s) | 7 |
SQ Feet | 5,327 |
Units | 7 |
Acreage | 0.16 |
State | ID |
---|---|
County | Canyon |
City | Nampa |
Zip Code | 83651 |
Area | Nampa NW (51) |
School District | Nampa School District #131 |
Elementary School | Nampa School District #131 |
Middle School | Nampa School District #131 |
High School | Nampa School District #131 |
Listing VS Median (in 83651) | |
Price: $799,900 low | high Med: $420,990 SqFt: 5,327 low | high Med: 1,694 $ / SqFt: $150 low | high Med: $249 On Site: 36 low | high Med: 4.000000 |