For Sale
$890,000

2406 Indiana Ave Caldwell, ID 83605

Six-unit apartment building, excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
137
This fee-simple owned, six-unit apartment building located at 2406 Indiana Ave, Caldwell, ID 83605, presents a compelling investment opportunity. Built in 1975 and renovated in 2000, this Class C multifamily property boasts a total of 9,720 square feet, with 4,080 square feet of net rentable space. The asking price is $890,000, translating to $91.56 per square foot and $148,333.33 per unit. Each unit is a one-bedroom, one-bathroom apartment featuring a full kitchen, living room, and washer/dryer hookups. Five of the six units have recently undergone upgrades, including new Hardiplank flooring and fresh paint within the last two years. The exterior of the building has also been freshly painted, and the roof was replaced in 2017. The property includes six off-street parking spaces and benefits from a full sprinkler system with irrigation water. Its convenient location is within walking distance of the College of Idaho, contributing to consistently high occupancy rates with minimal vacancy. The property's 9,720 square feet of air rights offer potential for future expansion or development. This is a turnkey investment ready for immediate income generation.

Highlights

  • Fee-simple ownership of a six-unit apartment building in Caldwell, ID.
  • Class C multifamily property totaling 9,720 square feet with 4,080 square feet of net rentable space.
  • Asking price: $890,000 ($91.56/SF, $148,333.33/unit).
  • Six one-bedroom, one-bathroom units with kitchens, living rooms, and washer/dryer hookups; five units recently upgraded.
  • Exterior recently painted, roof replaced in 2017, six off-street parking spaces, and full sprinkler system.
  • Excellent location near College of Idaho, resulting in high occupancy.

Property Details for 2406 Indiana Ave

Property type
Apartment buildings
Square Feet
9,720 SF
Class
C
Year Built/Renovated
1975/2000
Units
6

Location Insight

City
Caldwell
County
Canyon
State
Idaho
Latitude
43.648847
Longitude
-116.673328

FAQs

What type of property is this?
Apartment building - Six-unit apartment building, excellent ROI.
Where is the apartment building located?
The property is located at 2406 Indiana Ave Caldwell, ID.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Fee-simple ownership of a six-unit apartment building in Caldwell, ID.; Class C multifamily property totaling 9,720 square feet with 4,080 square feet of net rentable space.; Asking price: $890,000 ($91.56/SF, $148,333.33/unit).
How can I contact the broker?
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2406 Indiana Ave
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