109 Adams St., Horseshoe Bend, ID 83629

$749,900 Active MLS® 98975745 Other
ActiveMLS® 98975745
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109 Adams St., Horseshoe Bend, ID 83629 photo
Other
MLS® 98975745
$749,900
109 Adams St., Horseshoe Bend, ID 83629
9 Beds 5 Baths 0.8 Acres 3,682 Sq.Ft. Built 2003
Description

Assumable Seller Financing | Duplex + 5-Space MHP (7 Income Streams) Duplex and five-space manufactured housing property on ~0.80 acres in Horseshoe Bend. Income includes (2) 2 bed / 1 bath duplex units (built 2002), (2) park-owned homes (home + pad rent), and (3) tenant-owned homes paying lot rent. Current Performance: $67,561 EGI (2% vacancy), $50,896 NOI, 6.79% cap rate. Historically minimal vacancy with several long-term residents. Upside: Approximately $9,600+ in documented rent upside as below-market leases renew, supporting potential NOI of ~$60,362 (8.05% cap at list price). City water/sewer, separately metered electricity, irrigation well. Located ~30 minutes north of Boise via Hwy 55. Assumable seller financing available (subject to approval). Financials and rent roll available upon request.Agent is a member of the LLC that owns the property and is related to the other owner.

Interior features
  • Utilities Sewer Connected, 321, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter, Unit 5 Separate Meter, Unit 6 Separate Meter, Unit 7 Separate Meter
  • Air conditioning Central Air, Some Units
  • Fence Partial, Wire
  • Lot dimension 0.8 Acres
  • Lot description 1/2 - .99 Acre
Exterior features
  • Fence Partial, Wire
  • Lot dimension 0.8 Acres
  • Lot description 1/2 - .99 Acre
  • Foundation Crawl Space
  • Roofing materials Composition

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Location