$2,499,000 Price Analysis    ♡   Boise, ID 83702 8 bed 7 bath 4,936 SqFt ($506/SqFt) 0.28 acre lot. Built 1890 Listed 2024-04-30 | Ⓧ USDA Ineligible due to price & location near Boise |
Fantastic location!
Two blocks behind the capital, 3 blocks to downtown 8th street, 2 blocks to the Boise Co-Op and a block from St. Johns Cathedral. This 1890's Victorian that was once owned by the Lemp Family has been completely updated and remodeled. These 7 individual apartments come fully furnished and are a turnkey short term rental opportunity. This building has been completely updated with new electrical, plumbing, ductless mini-splits, new valves on all the radiators for the newly connected geothermal heating.
as a result this building has a dual heat source. Contemporary Hardwood and marble weave tile have been installed in all the apartments. Newly tiled showers with glass doors. All the kitchens are new with granite counters, ducted range hoods, disposals and SS appliances. All windows and doors with their hardware have been refurbished. New landscaping, irrigation, french drains, wrought irn fence, brick pathways and entrances, parking area and pond have been done to the exterior.
Presented by Daniel McCown at
A.V. WEST REAL ESTATE.
Property MLS #98908657 from IntermountainMLS
Full Bathrooms: 7
Stove/Range (All Units)
Refrigerator (All Units)
Washer/Dryer (Some Units)
Laundry Features: Washer/Dryer Hookups ()
Heating Features: Electric, Geothermal, Ductless/Mini Split
Heating: Yes
Lot Size Acres: 0.28
Lot Size Dimensions: 122.13x100.03
Lot Size Square Feet: 12197
Calculated Total Monthly Association Fees: 0
Elementary School District: Boise School District #1
High School: Boise
High School District: Boise School District #1
Middle School: North Jr
Middle or Junior School District: Boise School District #1
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Ada
Current Use: 5+ Units, Commercial Office, Commercial Retail
Cap Rate: 5.35
Directions: From downtown boise, N on 8th Street to the NE corner of 8th and Franklin.
Tax Year: 2023
Ownership: Fee Simple
Source Property Type: Residential Income
Source Neighborhood: B C O T
Parcel Number: R1013006080
Subdivision: B C O T
Zoning Description: MX-1/NC-O/HD-O
Property Subtype: Apartment
Source System Name: C2C
$2,499,000
IntermountainMLS
Price Changed 2024-06-21
$2,549,000
IntermountainMLS
Price Changed 2024-05-29
$2,599,000
IntermountainMLS
Listed 2024-04-30
$2,650,000
IntermountainMLS
Operating Expense: 45698
Year Built: 1890
Above Grade Finished Area Units: Square Feet
Below Grade Sqft Area Units: Square Feet
Building Area Total: 4936
Construction Materials: Brick, Concrete, Frame, Masonry, Stucco, Stone, Wood Siding
Foundation Details: Crawl Space
Living Area Units: Square Feet
Property Age: 134
Roof: Composition, Rolled/Hot Mop
Sewer Connected
Water Source: City Service
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.