This incredible Historic 10-Unit Apartment building has been well-maintained over the years with clear pride of ownership. Unmatched prime location in the heart of desirable North End Boise. The building has a rich history and character, featuring beautiful architectural details, original custom built-in hutches & fireplaces and charming finishes including hardwood floors and trim work. The large and spacious units have gorgeous high ceilings and lots of natural light, as well as manicured grounds. The two main level units span the length of the building, and include bedroom, office, dining, sunroom, and private basement storage. This apartment also has a laundry facility and off-street parking! Amazing location with proximity out the front door to Downtown, Boise Co-op, the Capital Bldg, St. Luke's and the VA. The Building is fully leased, please see Proforma in Doc Tab with projected rent increase to be at market value and actual expenses. Rare investment opportunities like this do not come around often!
- Price:
- $2,577,777
- Bedrooms:
- 10
- Square Footage:
- 8,560
- Year Built:
- 1907
- Listing ID #:
- 98868389
- Street Address:
- 605 W Hays St
- City:
- Boise
- State:
- Idaho
- Postal Code:
- 83702
- County:
- Ada
- Community:
- Boise North - 0100
- Subdivision:
- B C O T
- Listing Status:
- Active
- Listing Type:
- Residential Income
K-6
350 students
14 student/teacher
10-12
1493 students
18 student/teacher
7-9
1000 students
17 student/teacher
7-9
650 students
16 student/teacher
9-12
105 students
32 student/teacher
- Construction Type:
- Brick, Frame, Stucco
- Number Of Units:
- 10
- Total Building Square Footage:
- 8560
- Type Of Roof:
- Composition
- Year Built:
- 1907
- Gross Income:
- 155484
- Net Operating Income:
- 117057
- Operating Expense:
- 38426
- Existing Land Use:
- 5+ Units
- Lot Features:
- Standard Lot 6000-9999 Sf, Bus On City Route, Sidewalks
- Days On Market:
- 117
- Originating Mls:
- Imls 2
- Terms:
- Cash, Conventional
- Hoa Y/N:
- Yes
- Ownership:
- Fee Simple
- Property Taxes:
- $18,178
- Tax Year:
- 2022
- Parking Spaces:
- 7
- Appliances:
- Stove/Range (all Units), Refrigerator (all Units)
- Cooling System:
- Wall/Window Unit(s)
- Electricity:
- 350, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter, Unit 5 Separate Meter, Unit 6 Separate Meter, Unit 7 Separate Meter, Unit 8 Separate Meter
- Existing Water:
- City Service
- Has Central Air Conditioning:
- Yes
- Heating:
- Natural Gas, Hot Water
- Utilities:
- Sewer Connected
|
$
|
|
|
$
|
|
|
%
|
|
|
$
|
|
|
$
|
|
|
$
|
|
The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Amherst Madison
