Iconic 8-unit rental property in the center of Mountain Home! The location is prime and the property has excellent rental history. Vacant units rent within days. The property includes the large house in front and also the cottage rental unit in the back. New roof and exterior paint in 2020, new electrical meter and main service panel in 2020. Most windows were replaced in 2020. Units 1, 3, 6, 7, & 8 are updated. Units 4 and 5 are long-term tenants. Professionally managed. Being Sold "As-is" with full Inspection Report Available. Listing Agent is part-owner in property. Located across the street from the newly renovated Towne Center Apartments (formerly motel), a block from Albertson's, just east of the Railroad Park, the home of the Mountain Home Farmer's Market. Minutes from I-84 and Mountain Home Airforce Base.
KW CommercialBrokerage Phone: 208-475-1313Listed on: 10/28/2024
Property Details
Home Type
Apartment
Est. Annual Taxes
$1,598
Year Built
Built in 1895
Lot Details
9,583 Sq Ft Lot
Lot Dimensions are 119x81
Parking
6 Parking Spaces
Home Design
Frame Construction
Composition Roof
Wood Siding
Interior Spaces
4,284 Sq Ft Home
Vinyl Flooring
Stove
Bedrooms and Bathrooms
7 Bedrooms
8 Bathrooms
Schools
Mtn Home Elementary And Middle School
Mountain Home High School
Utilities
Cooling System Mounted To A Wall/Window
Heating System Uses Natural Gas
Listing and Financial Details
Assessor Parcel Number RPA009000A022A
Community Details
Overview
Property has a Home Owners Association
8 Units
Building Details
Operating Expense $23,755
Gross Income $74,681
Net Operating Income $50,926
Property Details
Home Type
Apartment
Est. Annual Taxes
$1,598
Year Built
Built in 1895
Lot Details
0
Listing Details
Year Built: 1895
Property Sub Type: Apartment
Prop. Type: Residential Income
Lot Size Acres: 0.22
Lot Size: 119x81
CapRate: 6.7
Ownership: Less Than Fee Simple
Subdivision Name: Mtn Home Twnst
Attribution Contact: 208-475-1313
Special Features: None
Interior Features
Heating: Natural Gas, Other
Appliances: Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
Total Bedrooms: 7
Flooring: Vinyl
Living Area: 4284
Exterior Features
Roof: Composition
Construction Type: Frame, Wood Siding
Garage/Parking
Total Parking Spaces: 6
Utilities
Cooling: Wall/Window Unit(s), Some Units
Water Source: City Service
Laundry Features: Washer/Dryer Hookups (No Units)
Cooling Y N: Yes
Heating Yn: Yes
Utilities: Sewer Connected
Condo/Co-op/Association
Association: Yes
Schools
Elementary School: Mtn Home
Junior High Dist: Mountain Home School District #193
High School: Mountain Home
Middle Or Junior School: Mtn Home
Lot Info
Lot Features: Standard Lot 6000-9999 SF, Sidewalks
Parcel Number: RPA009000A022A
Current Use: 5+ Units
Lot Size Sq Ft: 9583.2
Zoning Description: C2
Tax Info
Tax Year: 2023
Tax Annual Amount: 1598
Multi Family
Number Of Units Total: 8
Annual Gross Income: 74681
Property Net Operating Income: 50926
Annual Operating Expense: 23755
Total Actual Rent: 5803
Above Grade Finished Area Units: Square Feet
Map
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
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This 4-Plex has 2 bedroom and 2.5 bathrooms in each unit. Each bedroom is a master with its own bathroom. Refrigerators and washer and dryers are included in each unit. All 4 units with LVP on the first floor and in the bathrooms, tile backsplash, carpet upstairs. Large, shared backyard for kids to play on! Lots of parking in front of the building as well as the garage. Tenants pay gas and
This home is located at 405 N 2nd E, Mountain Home, ID 83647 and is currently priced at $749,000, approximately $174 per square foot. This property was built in 1895. 405 N 2nd E is a home located in Elmore County with nearby schools including East Elementary School, Hacker Middle School, and Mountain Home Junior High School.
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