$920,000
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911 2nd St S Nampa, ID 83651
Other
Residence
7
Beds
7
Baths
5,327
Sq. Ft.
0.16
Acre
Lot
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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 c...ash-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. Inquire for current & ARV P&Ls. 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.
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MLS#
98928685
Property Type
Other
Bedrooms
7
Bathrooms
Square Feet
5,327
sq. ft
Lot Size
0.16
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