Wednesday, April 24, 2013

Boise Idaho Investment Property - Fourplex within a Mile of Downtown Boise and Boise State University

Activity level has jumped again in the fourplex market in Boise so I thought you might like some information about a fourplex The Iron Eagle Realty Team just listed that is JUST ONE MILE (WALKING DISTANCE) of downtown Boise and Boise State University.

This is a fully leased fourplex (built in 1994) just south of Downtown Boise. You can literally walk to downtown as well as the BSU campus within minutes. All the units are 2 bedroom with 2 baths; clean as a whistle and perfect for roomates. The owner has NEVER had an issue renting these.

In fact, all of the utilities can be paid by the tenants and the rents are slightly under market. With an increase in rents and utilities paid by the tenants, this property produces an almost a 10% cash on cash return with a 6.8% cap rate. Not only that, this block is sandwiched by city blocks that have already been re-developed with new apartments and condos.  This is an excellent income producing property and a long term hold for re-development opportunities.

If you are interest in a proforma, please click on the link below or call me at 208 939 9033. 
PS: Click here to go to our Facebook PageBoise Investment Real Estate and Like Us!
Like NEW FULLY LEASED Fourplex - Asking $315,000
Walking Distance from DOWNTOWN Boise ID
and Boise State University
2 Bedroom and 2 Bath Units
3856 SF, Built in 1994

If you are interested in this property please... 
Or Call 208 939 9033 for more info 

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor
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IERT logo
Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422

1 comment:

Jason Simpson said...

Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic.
US investment property

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