NOT LISTED FOR SALE

Estimated Value: $704,000 - $1,269,459

4 Beds
4 Baths
2,562 Sq Ft
$421/Sq Ft Est. Value

Last Sold July 31, 2024

Current estimated payment $6,512/month

5 Days on Market

Highlights

  • The property is located in a historic district
  • 1 Car Detached Garage
  • Cooling Available
  • Longfellow Elementary School Rated A-
  • Fireplace
  • Garden

About This Home

As of July 2024

Fantastic opportunity to own a completely remodeled 4 unit apartment building in the Historic North End. Just 3 blocks from Hyde Park this apartment building has had a complete overhaul. All apartments have their own electric and water meters. Both main level apartments have new 4" red oak hardwood floors. Both apartments in the basement have had the concrete ground and stained. All apartments are completely remodeled with granite counters, new cabinets, SS appliances, new tub/shower combos and on demand water heaters. All of the plumbing and electrical Systems has been replaced. Each apartment has its own Ductless mini split for both heating and cooling. This building has 5 new water mains, one for each of the apartments and one for irrigation/laundry. New fully sprinkled yard, partial fencing, garden area and boxes, 3 separate outdoor entertaining areas and a permanent bike rack. 1 car detached garage, plenty of yard space for improvements. This has been a non-smoking and pet free building.

Last Agent to Sell the Property

Daniel McCown

A.V. West Listed on: 06/23/2024

Last Buyer's Agent

Kristin Sherman

Keller Williams Realty Boise

Keller Williams Realty Boise

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,271

Year Built

  • Built in 1909

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 140x40
  • Partially Fenced Property
  • Wood Fence
  • Garden

Parking

  • 1 Car Detached Garage

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,562 Sq Ft Home
  • Fireplace

Kitchen

  • Stove
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Location

  • The property is located in a historic district

Schools

  • Longfellow Elementary School
  • North Jr Middle School
  • Boise High School

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $8,200
  • Assessor Parcel Number R7406000750

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $16,464
  • Gross Income $98,040
  • Net Operating Income $75,264

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,271

Year Built

Built in 1909

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1909
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Lot Size: 140x40
  • CapRate: 5.35
  • Ownership: Fee Simple
  • Subdivision Name: Resseguie Add
  • Carport Y N: No
  • Garage Yn: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour

Interior Features

  • Heating: Ductless/Mini Split, Fireplace(s)
  • Appliances: Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (Some Units)
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Living Area: 2562

Exterior Features

  • Roof: Composition
  • Fencing: Partial, Wood
  • Construction Type: Frame, Wood Siding

Garage/Parking

  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: One Car, Detached
  • Total Parking Spaces: 1

Utilities

  • Cooling: Ductless/Mini Split
  • Electric: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter
  • Water Source: City Service
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected

Schools

  • Elementary School: Longfellow
  • Junior High Dist: Boise School District #1
  • High School: Boise
  • Middle Or Junior School: North Jr

Lot Info

  • Lot Features: Standard Lot 6000-9999 SF, Garden, Sidewalks
  • Parcel Number: R7406000750
  • Current Use: 2-4 Units, Historic District
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7271.22

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 98040
  • Property Net Operating Income: 75264
  • Annual Operating Expense: 16464
  • Total Actual Rent: 8200
  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2024
Closed on
Jul 31, 2024
Sold by
Gold Run Aviation Llc
Bought by
Mhb Investments Llc
Seller's Agent
Daniel McCown
A.V. West
Buyer's Agent
Kristin Sherman
Keller Williams Realty Boise
List Price
$1,375,000
Views
19
Current Estimated Value
$1,077,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.03%
Original Mortgage
$480,000
Outstanding Balance
$475,001
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$602,364

Purchase Details

Listed on
Jun 23, 2024
Closed on
Jul 29, 2024
Sold by
Gold Run Aviation Llc
Bought by
Mhb Investments Llc
Seller's Agent
Daniel McCown
A.V. West
Buyer's Agent
Kristin Sherman
Keller Williams Realty Boise
List Price
$1,375,000
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Outstanding Balance
$475,001
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$602,364

Purchase Details

Listed on
Sep 14, 2018
Closed on
Mar 29, 2019
Sold by
Reece Lawrence W and Reece Alison M
Bought by
Gold Run Aviation Llc
Seller's Agent
Chris Novak
KW Commercial
Buyer's Agent
Daniel McCown
A.V. West
List Price
$439,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.41%

Purchase Details

Closed on
May 24, 2016
Sold by
Reece Lawrence W and Reece Alison M
Bought by
Reece Lawrence and Reece Alison M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,200
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2010
Sold by
Reece Alison M
Bought by
Reece Lawrence W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,740
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2008
Sold by
Reece Lawrence W
Bought by
Reece Lawrence W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
6.47%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mhb Investments Llc -- Title One
Mhb Investments Llc -- Title One
Gold Run Aviation Llc -- Stewart Title
Reece Lawrence -- Pioneer Title Company Of Ada
Reece Lawrence W -- Titleone Boise
Reece Lawrence W -- Title One
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mhb Investments Llc $480,000
Closed Mhb Investments Llc $480,000
Open Gold Run Aviation Llc $1,283,000
Previous Owner Gold Run Aviation Llc $656,250
Previous Owner Bowden Phillip Edward $223,000
Previous Owner Reece Lawrence $219,200
Previous Owner Reece Lawrence W $183,740
Previous Owner Reece Lawrence W $182,000
Previous Owner Reece Lawrence W $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold -- -- --
06/28/2024 06/28/24 Pending -- -- --
06/23/2024 06/23/24 For Sale $1,375,000 +213.2% $537 / Sq Ft
03/27/2019 03/27/19 Sold -- -- --
03/08/2019 03/08/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $439,000 0.0% $171 / Sq Ft
02/19/2019 02/19/19 Pending -- -- --
02/01/2019 02/01/19 For Sale $439,000 0.0% $171 / Sq Ft
01/08/2019 01/08/19 Pending -- -- --
12/06/2018 12/06/18 Price Changed $439,000 -2.2% $171 / Sq Ft
11/09/2018 11/09/18 For Sale $449,000 0.0% $175 / Sq Ft
10/18/2018 10/18/18 Pending -- -- --
09/14/2018 09/14/18 For Sale $449,000 -- $175 / Sq Ft
Source: Intermountain MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,352 $704,200 -- --
2023 $7,352 $769,900 $0 $0
2022 $6,076 $700,800 $0 $0
2021 $5,985 $547,600 $0 $0
2020 $5,369 $452,200 $0 $0
2019 $5,757 $424,300 $0 $0
2018 $5,082 $334,700 $0 $0
2017 $4,996 $312,600 $0 $0
2016 $4,613 $281,700 $0 $0
2015 $4,085 $256,900 $0 $0
2012 -- $177,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Intermountain MLS

MLS Number: 98915274

Intermountain MLS

APN: R7406000750