307 9Th St Payette, ID 83661
12-unit apartment building, high potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- $1,075,000 asking price for this value-add multifamily investment opportunity.
- 12-unit apartment building (10 one-bedroom/one-bathroom units, 1 two-bedroom/one-bathroom unit, and 1 two-story townhome unit) totaling 7,619 square feet.
- 5.69% current cap rate, 8.51% pro-forma cap rate, with a current NOI of $61,217 and a pro-forma NOI of $91,512.
- 92% occupancy, with projected full occupancy by July 9, 2024.
- Includes a 2,941 square foot historic Chase House (built in 1893) situated on a 0.5-acre corner lot with mature trees in Payette, Idaho.
- Excellent redevelopment potential.
Property Details for 307 9Th St
- Property type
- Apartment buildings
- Square Feet
- 7,619 SF
- Class
- B
- Year Built/Renovated
- 1893/2018
- Buildings
- 3
- Stories
- 2
- Units
- 12
Location Insight
- City
- Payette
- County
- Payette
- State
- Idaho
- Latitude
- 44.0784544
- Longitude
- -116.9339946
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 12-unit apartment building, high potential.
- Where is the apartment building located?
- The property is located at 307 9Th St Payette, ID.
- What is the asking price?
- The asking price for this property is $1,075,000.
- What are key features of this property?
- This property features: $1,075,000 asking price for this value-add multifamily investment opportunity.; 12-unit apartment building (10 one-bedroom/one-bathroom units, 1 two-bedroom/one-bathroom unit, and 1 two-story townhome unit) totaling 7,619 square feet.; 5.69% current cap rate, 8.51% pro-forma cap rate, with a current NOI of $61,217 and a pro-forma NOI of $91,512.
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