2104 18Th StBoise, ID 83702

This exceptional investment opportunity presents five renovated, one-bedroom, one-bathroom tiny homes situated on a 0.2-acre lot in Boise's desirable Northend. Each unit features a full kitchen and is part of a 2,733 square foot multifamily building, built in 1947 and extensively renovated in 2017. The property boasts a mid-century design aesthetic, with the five cinderblock structures arranged around a central courtyard. Offering both short-term and long-term rental potential, this stabilized investment property currently generates a NOI of $56,673, with a pro-forma NOI of $67,732, resulting in a 4.31% cap rate and a pro-forma cap rate of 5.15%. The asking price is $1,315,000, or $263,000 per unit, and the price per square foot is $478.18. The property includes 10 off-street parking spaces and is zoned R-1CH. Its prime location offers easy access to Hyde Park, Camel's Back Park, foothill trails, downtown Boise, the Boise River, Bogus Basin Ski Resort, Boise State University, and numerous other amenities. Four of the five roofs were replaced between 2016 and 2017. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a highly sought-after Boise neighborhood. The property's APN is S0634325455 and is located at 2104 N 18th St, Boise, ID 83702.