Listing Courtesy of:
Pipkin & Associates
Agency Phone: 208-866-5540
BEDS9
BATHS3.00
SQUARE FEET3,682
MLS#98975745
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISION0 Not Applic
SCHOOLHorseshoe Bend School District #73
Listing Courtesy of:
Pipkin & Associates
Agency Phone: 208-866-5540
Property Description
Assumable Seller Financing | Duplex + 5-Space MHP (7 Income Streams) Duplex and five-space manufactured housing property on ~0.80 acres in Horseshoe Bend. Income includes (2) 2 bed / 1 bath duplex units (built 2002), (2) park-owned homes (home + pad rent), and (3) tenant-owned homes paying lot rent. Current Performance: $67,561 EGI (2% vacancy), $50,896 NOI, 6.79% cap rate. Historically minimal vacancy with several long-term residents. Upside: Approximately $9,600+ in documented rent upside as below-market leases renew, supporting potential NOI of ~$60,362 (8.05% cap at list price). City water/sewer, separately metered electricity, irrigation well. Located ~30 minutes north of Boise via Hwy 55. Assumable seller financing available (subject to approval). Financials and rent roll available upon request.Agent is a member of the LLC that owns the property and is related to the other owner.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Some Units
Fenced: Yes
Heating: Electric, Forced Air
Lot Size: 0.80 Acres
Roof Type: Composition
Taxes: $4,136
Year Built: 2003
Feature Descriptions
Appliances: Disposal (Some Units), Stove/Range (All Units), Refrigerator (Some Units), Washer/Dryer (Some Units)
Construction Materials: Frame
Days on Site: 11
Exterior: Frame
Fencing: Partial, Wire
Flooring: Laminate
Laundry: Washer/Dryer Hookups (All Units)
Lot: 1/2 - .99 Acre, Irrigation
Lot Dimensions: 206x120
Parcel#: RPH0000034008A
Units: 7
Utilities: Sewer Connected
Water: City Service
Zoning: Commercial
Local Schools
High School: Horseshoe Bend
Middle School: HorseShoJr
Elementary School: Horseshoe
School District: Horseshoe Bend School District #73
Listed By / Shown By
Listed By
Agency Name: Pipkin & Associates
Agency Phone: 208-866-5540
Shown By
Agent Name: Boise Homeworks Team
Agent Phone: (208) 631-2558
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 4,554.67 per month $3,991.28 Principal & Interest $344.67 Property Tax $218.72 Homeowner's InsuranceChange Payment Information
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109 Adams St. | MLS# 98975745
This multi-family property located at 109 Adams St., Horseshoe Bend, ID 83629 is currently listed for sale with an asking price of $749,900. Adams St. is located within the Horseshoe Bend School District #73 school district. Search Horseshoe Bend real estate on www.boisehomeworks.com today.