911 2nd St S , Nampa, ID 83651
Nampa, ID 83651
Description
Incredible 4.5% cap rate investment opportunity 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, & a 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 permitted 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.
Details
| Mls | 98928685 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 0 |
| Days On Site | 29 |
| Listing Provided By | Silvercreek Realty Group | Aaron Williams |
Features
| Beds | 7 |
|---|---|
| Baths | 7 |
| Sq Feet | 5,327 |
| Units | 7 |
| Acreage | 0.16 |
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Learn More About This Property
| 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: $920,000 low | high Med: $395,995 SqFt: 5,327 low | high Med: 1,503 $ / SqFt: $173 low | high Med: $264 On Site: 29 low | high Med: 36.000000 | |