Listing Courtesy of:
Pipkin & Associates
Agency Phone: 208-866-5540
Listing Courtesy of:
Pipkin & Associates
Agency Phone: 208-866-5540
Assumable Seller Financing | Duplex + 5-Space MHP (7 Income Streams) Duplex and five-space manufactured housing property on ~0.80 acres in Horseshoe Bend. Income includes (2) 2 bed / 1 bath duplex units (built 2002), (2) park-owned homes (home + pad rent), and (3) tenant-owned homes paying lot rent. Current Performance: $67,561 EGI (2% vacancy), $50,896 NOI, 6.79% cap rate. Historically minimal vacancy with several long-term residents. Upside: Approximately $9,600+ in documented rent upside as below-market leases renew, supporting potential NOI of ~$60,362 (8.05% cap at list price). City water/sewer, separately metered electricity, irrigation well. Located ~30 minutes north of Boise via Hwy 55. Assumable seller financing available (subject to approval). Financials and rent roll available upon request.Agent is a member of the LLC that owns the property and is related to the other owner.
Listed By
Agency Name: Pipkin & Associates
Agency Phone: 208-866-5540
Shown By
Agent Name: Donald Ellis
Agent Phone: (208) 403-9377
Agency Title: Coldwell Banker Tomlinson
Estimated Payment
$ 4,554.67 per month $3,991.28 Principal & Interest $344.67 Property Tax $218.72 Homeowner's Insurance
109 Adams St. | MLS# 98975745
This multi-family property located at 109 Adams St., Horseshoe Bend, ID 83629 is currently listed for sale with an asking price of $749,900. Adams St. is located within the Horseshoe Bend School District #73 school district. Search Horseshoe Bend real estate on www.teamellisgroup.com today.