405 2Nd Mountain Home, ID 83647

This exceptional investment opportunity presents an eight-unit apartment building in the heart of Mountain Home, Idaho. Boasting a desirable location, this property offers a compelling blend of immediate income and significant value-add potential. The complex comprises two buildings: a larger seven-unit structure and a separate one-unit cottage, totaling 4,284 square feet. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $50,926, with a pro-forma NOI projected at $54,700, reflecting a 6.70% current cap rate and a projected 7.20% pro-forma cap rate. The asking price is $760,000, or $95,000 per unit. Built in 1895, the property underwent significant renovations in 2022, including a new roof, exterior paint, and most windows. Other recent improvements include a new electrical meter and main service panel (2020), new gutters (2022), and new exterior stairs (2024). Five of the eight units have been updated since 2020. The property features six parking spaces and is zoned C2. Its central location places it across from the newly renovated Towne Center Apartments, a block from Albertson's grocery store, and near Railroad Park and the Mountain Home Farmer's Market. Convenient access to I-84 and Mountain Home Air Force Base adds to its appeal. The property is being sold "as-is," with an available AAD inspection report. This is a rare chance to acquire a well-maintained, high-performing multifamily asset in a thriving Idaho community.