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$5,499,900
622 N 44th St, Nampa, ID 83687
16 Beds
16 Baths
27,342 sqft

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Rare opportunity to purchase a newly built Class A apartment complex. Comprised of 7 4-plexes on 2 acres. The property is being sold as one, but each 4-plex can be on its own parcel and sold off separately. Subdivision plat has been preliminarily approved. Property is being built out as a higher-end rental (quartz counters, SS appliances) & low maintenance, demanding high rents & yielding a huge 5.73% cap rate. Generate over $300K annually, or put 30% down, and still have a 6-figure+ residual income.
  • Price:
  • $5,499,900
  • Bedrooms:
  • 16
  • Square Footage:
  • 27,342
  • Acreage:
  • 2.02
  • Year Built:
  • 2021
  • Listing ID #:
  • 98792028
  • Street Address:
  • 622 N 44th St
  • City:
  • Nampa
  • State:
  • Idaho
  • Postal Code:
  • 83687
  • County:
  • Canyon
  • Community:
  • Nampa Ne (87) - 1250
  • Subdivision:
  • 0 Not Applic.
  • Listing Status:
  • Pending
  • Listing Type:
  • Residential Income
  • Construction Type:
  • Frame, Stone, Hardiplank Type
  • Foundation:
  • Crawl Space
  • Number Of Units:
  • 28
  • Total Building Square Footage:
  • 27342
  • Type Of Roof:
  • Composition
  • Year Built:
  • 2021
  • Gross Income:
  • 409651
  • Net Operating Income:
  • 314932
  • Operating Expense:
  • 94720
  • Existing Land Use:
  • 5+ Units
  • Lot Features:
  • 1 - 4.99 Acres, Irrigation, Sidewalks, Sbjt To Fair Housing Stnd
  • Lot Size:
  • 2.02
  • Lot Size Units:
  • Acres
  • Lot Square Footage:
  • 87991.2
  • Days On Market:
  • 55
  • Originating Mls:
  • Imls 2
  • Terms:
  • Cash, Conventional
  • Hoa Y/N:
  • Yes
  • Ownership:
  • Fee Simple
  • Property Taxes:
  • $889
  • Tax Year:
  • 2020
  • Fence:
  • Partial, Vinyl
  • Parking Description:
  • Finished Driveway
  • Parking Spaces:
  • 65
  • Appliances:
  • Disposal (all Units), Stove/Range (all Units), Refrigerator (all Units), Washer/Dryer (no Units)
  • Cooling System:
  • Central Air, All Units
  • Electricity:
  • 600, 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, Unit 8 Separate Meter
  • Existing Water:
  • City Service
  • Has Central Air Conditioning:
  • Yes
  • Heating:
  • Electric, Forced Air, Heat Pump
  • Laundry:
  • Washer/Dryer Hookups (all Units)
  • Utilities:
  • Sewer Connected, Cable Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Silvercreek Realty Group
  • IDBOISE

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