2389 W Boise Ave - Residential Income FOR SALE


Boise, ID 83706- Southeast Boise
$1,099,000 USD
208-830-1540
2389 W Boise Ave, Boise, ID for Sale
$1,099,000 USD
Residential Income - FOR SALE
1/46
null | 6.79% Cap Rate

2389 W Boise Ave
Boise, ID 83706
Southeast Boise


HIGHLIGHTS

  • Walking distance to BSU, downtown Boise, Greenbelt
  • Great student housing

OVERVIEW

****Owner is willing to carry with a 30% deposit @ 6% interest (30yr AM with balloon @ 5yr)**** This stunning Queen Anne blends historic charm with modern updates. Featuring refinished hardwood floors, fresh interior and exterior paint, new carpets, and updated counters, this former B&B is a rare find. Located just steps from BSU and within walking distance to downtown, this property offers strong rental demand. Fully leased up at $7,500 per month plus $150 a month pet fee which only 50% is refundable with no pet damage, this gives you an additional $900 of income. Current lease is from 05/2025 to 05/2026. Enjoy breathtaking views of downtown Boise and the foothills from the upper-level windows. With an attractive price per SF and an unbeatable location, this is the high-performing asset you’ve been searching for. Take advantage of the BSU housing shortage with each lease renewal. BATVA

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$314 USD /SF

CAP RATE

6.79%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R-1C

APN/PARCEL ID

R3811120252

ASK ABOUT THIS PROPERTY

Neal Elliott208.properties Realty GroupMore Info
208-830-1540

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Neal Elliott208.properties Realty GroupMore Info
208-830-1540

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