2209 W Idaho St - Apartments FOR SALE


Boise, ID 83702- Downtown Boise
$1,070,000 USD
208-860-9595
2209 W Idaho St, Boise, ID for Sale
$1,070,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

2209 W Idaho St
Boise, ID 83702
Downtown Boise


HIGHLIGHTS

  • Close to downtown Boise
  • Value Add Opportunity - Rents below market Value
  • Well maintained-updated as units become vacant

OVERVIEW

Well-maintained 6-unit multifamily property located in Boise’s highly desirable North End, just minutes from downtown and one block from a city park. The property features a strong unit mix consisting of two 2-bedroom/1-bath units and four 1-bedroom/1-bath units, all with separate electric meters. Five of the six units include washer/dryer hookups. Appliances in each unit include a range, refrigerator, and dishwasher. The property offers five off-street parking spaces accessed from the alley, along with additional street parking. Ownership currently covers water, sewer, trash, and landscape maintenance. Four units are occupied by long-term tenants, resulting in below-market rents and providing clear upside potential through rent increases upon turnover. Ownership has consistently maintained and improved the property over time, completing interior updates as units become vacant. Several units feature updated kitchens and flooring. Exterior capital improvements include a newer front roof (approximately four years old), updated siding on the front units, addition of a new front gable, and replacement of the main water line to the street. This is a rare opportunity to acquire a stabilized asset with value-add potential in one of Boise’s strongest rental submarkets.

FOR SALE DETAILS

PRICE

$1,070,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

6

PRICE/UNIT

$178,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R-3D

APN/PARCEL ID

R2734251710

ASK ABOUT THIS PROPERTY

Shawn EndicottSilvercreek Realty GroupMore Info
208-860-9595

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Shawn EndicottSilvercreek Realty GroupMore Info
208-860-9595

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.