NOT LISTED FOR SALE

605 E Florida Ave Nampa, ID 83686

Estimated Value: $509,000 - $730,000

8 Beds
6 Baths
3,664 Sq Ft
$177/Sq Ft Est. Value

Last Sold October 22, 2020

Current estimated payment $3,802/month

4 Days on Market

About This Home

As of October 2020

Wonderful income producing property in a great location in Nampa. Very low vacancy. Cap Rate 5.9% (See proforma under D tab) Close to NNU, hospital, and shopping. Great cash flow on these 2 bedrooms, 1.5 bathroom townhouse style apartments. Each unit has locked storage and fenced patio.

Last Agent to Sell the Property

Thorey Kuzmack

Silvercreek Realty Group Listed on: 09/23/2020

Silvercreek Realty Group

Last Buyer's Agent

Thorey Kuzmack

Silvercreek Realty Group Listed on: 09/23/2020

Silvercreek Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,496

Year Built

  • Built in 1979

Lot Details

  • Irrigation

Home Design

  • Composition Shingle Roof

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number N5075160001C

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,496

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: Residential Income
  • Type: Fourplex
  • Age: 31-50 Years
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Heating: Baseboard, Electric
  • Price Per Sq Ft: 143.57
  • Price Per Sq Ft: 150.11
  • Estimated Above Grade Sq Ft: 3664
  • Refrigerator: All Units
  • Stove Range: All Units
  • Washer Dryer Hookups: Some Units
  • Washer Dryer: Some Units
  • Estimated Sq Ft: 3664

Exterior Features

  • Construction: Brick, Frame
  • Roof: Composition Shingle

Garage/Parking

  • Number Parking Spaces: 4

Utilities

  • Cooling: Window/Wall Unit, All Units
  • Sewer: Yes Connected
  • Disposals: All Units
  • Water: City Service

Condo/Co-op/Association

  • Setup Transfer Fee Type: $

Lot Info

  • Irrigation District: Yes
  • Irrigation District Name: Nampa Meridian
  • Land Size: Standard Lot 6000-9999 SF
  • Land Use: 2-4 Units
  • Lot Features: Fenced Partial, Irrigation
  • Lot Size Length: irr x
  • Lot Size Width: irr
  • Number Acres: 0.17
  • Parcel Number: N5075160001C

Rental Info

  • Actual Rent Income: 44100

Multi Family

  • Number Units: 4
  • Total Annual Expense: 11646

Tax Info

  • Taxes: 5355.7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2020
Closed on
Oct 19, 2020
Sold by
6M Investments Llc
Bought by
Richard Family Trust and Richard
Seller's Agent
Thorey Kuzmack
Silvercreek Realty Group
Buyer's Agent
Thorey Kuzmack
Silvercreek Realty Group
List Price
$550,000
Current Estimated Value
$648,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.22%

Purchase Details

Closed on
Oct 27, 2017
Sold by
Alverson Robert Michael
Bought by
6M Investments Llc

Purchase Details

Closed on
Nov 29, 2011
Sold by
Khachadoorian Gary
Bought by
Alverson R Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,166
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2005
Sold by
Olson Donald D and Olson Sarah A
Bought by
Khachadoorian Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
1.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Richard Family Trust -- Title One Title
6M Investments Llc -- Titleone Boise
6M Investments Llc -- Title One Title
Alverson R Michael -- Titleone Boise
Khachadoorian Gary -- Transnation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alverson R Michael $92,166
Previous Owner Khachadoorian Gary $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2020 10/22/20 Sold -- -- --
09/27/2020 09/27/20 Pending -- -- --
09/23/2020 09/23/20 For Sale $550,000 -- $150 / 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
2025 $4,496 $648,900 $138,000 $510,900
2024 $4,496 $628,600 $126,000 $502,600
2023 $4,675 $620,500 $126,000 $494,500
2022 $4,562 $618,000 $138,000 $480,000
2021 $5,364 $455,300 $86,500 $368,800
2020 $4,671 $360,650 $59,250 $301,400
2019 $5,356 $333,750 $51,750 $282,000
2018 $5,252 $0 $0 $0
2017 $4,681 $0 $0 $0
2016 $4,286 $0 $0 $0
2015 $3,908 $0 $0 $0
2014 $3,440 $176,500 $27,000 $149,500
Source: Public Records

Agents Affiliated with this Home

  • Thorey Kuzmack

    Seller's Agent in 2020

    Thorey Kuzmack

    Silvercreek Realty Group

    (208) 250-1114

    22 in this area

    65 Total Sales

    Thorey Kuzmack
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Map

Source: Intermountain MLS

MLS Number: 98781769

Intermountain MLS

APN: 1168900000

Idaho Canyon County Nampa 83686

605 E Florida Ave, Nampa, ID

Not Listed for Sale

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