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House Front

$749,900

Active

MLS #98975745

109 Adams St.
Horseshoe Bend, ID 83629

Total Bedrooms: 9
Total Bathrooms: 3
Total SqFt: 3682

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.

  • General Property Description
  • Total Bedrooms 9
    Total Bathrooms 3
    Total SqFt. 3682
    Age
    Year Built 2003
    Land Size 1/2 - .99 Acre
    # of Acres 0.8
    Garage Type
    Garage Stall
  • Details
  • Class Residential Income
    Type Other
    Subdivision 0 Not Applic.
    Levels
    Roof Composition
    Water City Service
    Heating Electric, Forced Air
    Construction Frame
    Lot Size 206x120 x 206x120
    Land Use 5+ Units, Mobile Home Park
    Kitchen Features Disposal (Some Units), Stove/Range (All Units), Refrigerator (Some Units), Washer/Dryer (Some Units)
    Legal Description HSB SEC 34 TAX 429 HSB 5 MH HOOKUPS DUPLEX
  • Schools
  • School District Horseshoe Bend School District #73
    Grade School Horseshoe
    Middle School HorseShoJr
    High School Horseshoe Bend
Listing info for this property courtesy of  Pipkin & Associates  Information deemed reliable but not guaranteed. Buyer to verify all information. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s), shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Steve Cordell