600 Virginia St - Apartments FOR SALE


New Meadows, ID 83654
$3,500,000 USD
600 Virginia St, New Meadows, ID for Sale
$3,500,000 USD
Apartments - FOR SALE
1/6
null | 6.47% Cap Rate

600 Virginia St
New Meadows, ID 83654


HIGHLIGHTS

  • 100% Fully Leased 16 Unit Heartland Apartments in New Meadows, Idaho
  • Newly Built and Occupancy Date: November 22, 2023
  • CAP Rate is 6.0%
  • Just 15 minute drive to downtown McCall
  • All Units are 1,040 SF with 2 Beds, 2 Baths - Full Kitchen with all Appliances, Washer & Dryer
  • One Unit offers 2 Beds and 1.5 Bath that is ADA compliant

OVERVIEW

Fully Leased 16 Units Apartments for Sale. This 16 unit "Heartland Apartments" in New Meadows now fully leased. 100% leased newly constructed fourplexes in the heart of New Meadows. Only a 15 minute drive to downtown McCall, and with demand for housing in the surrounding area increasing, these apartments are an incredible investment opportunity. One unit offers 2 beds and 1.5 bath that is compliant with ADA laws and regulations. The other 15 units are 1,040 SF, 2 beds, 2 baths making the primary bedroom an en-suite. All units have a washer and dryer with full kitchens including a refrigerator and a dishwasher. Large windows give each unit plenty of natural light and include a sliding glass door to access the patio. Contact agent for due diligence.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

16

PRICE/UNIT

$218,750

CAP RATE

6.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

RPM0140001001A

ASK ABOUT THIS PROPERTY

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