$8,000,000
SOLD NOV 12, 2024
Last list price
7 Beds
6 Baths
31,278 Sq Ft
1.4 Acres

Recently Sold

$256 Per Sq Ft

Highlights

  • 1.4 Acre Lot
  • Washer and Dryer
  • Vinyl Flooring
  • Forced Air Heating and Cooling System

About This Home

As of November 2024

30 unit apartment building for sale. Featuring six (6) one bed/one bath units, six (6) two bed/one bath units, eighteen (18) two bed/two bath units. Square footage do not include common area. Parking is cross access.

Last Agent to Sell the Property

Tricia Callies

KW Commercial Listed on: 11/12/2024

KW Commercial

Last Buyer's Agent

Matt Weston

Amherst Madison

Amherst Madison

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,065

Year Built

  • Built in 2023

Lot Details

  • 1.4 Acre Lot

Parking

  • 40 Parking Spaces

Home Design

  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 31,278 Sq Ft Home
  • Vinyl Flooring
  • Washer and Dryer

Kitchen

  • Stove
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Schools

  • Iowa Elementary School
  • South Middle Nampa
  • Skyview High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $6,196
  • Assessor Parcel Number R3227510300

Community Details

Overview

  • 30 Units

Building Details

  • Operating Expense $189,766
  • Gross Income $591,503
  • Net Operating Income $401,737

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,065

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Year Built: 2023
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.4
  • Ownership: Fee Simple
  • Subdivision Name: Berkshire Estat
  • ResoPropertyType: ResidentialIncome
  • Special Features: NewHome

Interior Features

  • Heating: Forced Air, Natural Gas
  • Appliances: Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
  • Total Bedrooms: 7
  • Flooring: Laminate
  • Living Area: 31278

Exterior Features

  • Roof: Composition
  • Construction Type: Frame, Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 40

Utilities

  • Cooling: Central Air
  • Electric: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter
  • Water Source: City Service
  • Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter
  • Laundry Features: Washer/Dryer Hookups (All Units)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected

Schools

  • Elementary School: Iowa
  • Junior High Dist: Nampa School District #131
  • High School: Skyview
  • Middle Or Junior School: South Middle Nampa

Lot Info

  • Lot Features: 1 - 4.99 Acres
  • Parcel Number: R3227510300
  • Current Use: 5+ Units
  • Lot Size Sq Ft: 60984
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6064.74

Multi Family

  • Number Of Units Total: 30
  • Annual Gross Income: 591503
  • Property Net Operating Income: 401737
  • Annual Operating Expense: 189766
  • Total Actual Rent: 6196
  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2024
Closed on
Oct 25, 2024
Sold by
Ftma Llc
Bought by
Werner Dennis J and Werner Melissa C
Seller's Agent
Tricia Callies
KW Commercial
Buyer's Agent
Matt Weston
Amherst Madison
List Price
$8,000,000
Current Estimated Value
$8,065,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.61%
Original Mortgage
$4,520,000
Outstanding Balance
$4,483,915
Interest Rate
6.08%
Mortgage Type
Construction
Estimated Equity
$3,550,771

Purchase Details

Closed on
Oct 25, 2020
Sold by
Walmart Inc
Bought by
Ftma Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,250,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 16, 2006
Sold by
Thomas Investments Lp
Bought by
Ftma Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed -- Pioneer Title
Foreclosure Deed -- Acc
Special Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,520,000 Construction
Previous Owner $4,000,000 New Conventional
Previous Owner $3,250,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2024 12/04/24 Off Market $1,350 -- --
11/12/2024 11/12/24 Sold -- -- --
11/12/2024 11/12/24 Pending -- -- --
11/12/2024 11/12/24 For Sale $8,000,000 0.0% $256 / Sq Ft
11/01/2024 11/01/24 Price Changed $1,350 -3.5% $2 / Sq Ft
08/08/2023 08/08/23 For Rent $1,399 0.0% --
06/22/2023 06/22/23 For Rent $1,399 0.0% --
06/19/2023 06/19/23 For Rent $1,399 0.0% --
04/10/2023 04/10/23 For Rent $1,399 -- --
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
2025 $51,425 $6,733,200 $841,590 $5,891,610
2024 $51,425 $7,189,100 $805,000 $6,384,100
2023 $6,065 $805,000 $805,000 $0
2022 $5,402 $731,820 $731,820 $0
2021 $3,592 $304,930 $304,930 $0
2020 $3,909 $301,870 $301,870 $0
2019 $4,844 $301,870 $301,870 $0
2018 $5,325 $0 $0 $0
2017 $5,163 $0 $0 $0
2016 $5,360 $0 $0 $0
2015 $5,381 $0 $0 $0
2014 $5,349 $274,430 $274,430 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Intermountain MLS

MLS Number: 98929060

Intermountain MLS

APN: 3227510300