2104 18Th StBoise, ID 83702

Property Details for 2104 18Th St

Year built

1947

Lot size

0.20 AC

Property size (Sq ft)

2,750 SF

Zone code

R-1CH

Property type

Other commercial real estate

APN

S0634325455

APU

S0634325455

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $434,910

  Hospitality

  $398,376

  Educational

  $331,444

  Medical

  $342,843

  Retail

  $515,579

Location Insight

City

Boise

County

Ada

State

Idaho

Latitude

43.6394

Longitude

-116.21

CBSA code

14260

CBSA name

BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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