109 Adams St., Horseshoe Bend, ID 83629
Courtesy of Pipkin & Associates. Main: 208-866-5540
- $749,900
- 9
- BD
- 5
- BA
- 3,682
- SqFt
- List Price
- $749,900
- Days on Market
- 3
- Status
- ACTIVE
- MLS#
- 98975745
- Bedrooms
- 9
- Subdivision
- 0 Not Applic.
- Bathrooms
- 5
- County
- Boise
- Sq. Ft
- 3682
- Year Built
- 2003
- Acres
- 0.80
- Age
- 2003
Property Description
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.
Additional Information
- Land Use
- 5+ Units, Mobile Home Park
- Sq. Ft
- 3682
- Roof
- Composition
- Construction
- Frame
- Fenced
- Partial, Wire
- Structure
- Mobile Home
- Lot Features
- 1/2 - .99 Acre, Irrigation
- Air Conditioning
- Central Air, Some Units
- Heating
- Electric, Forced Air
- Water
- City Service
- Electric
- 321, 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
- School District
- Horseshoe Bend School District #73
- Elementary School
- Horseshoe
- Middle School
- HorseShoJr
- High School
- Horseshoe Bend
- Taxes
- $4,136
- Tax Year
- 2025
- Parcel Number
- RPH0000034008A
- Gross Operating Income
- 67561
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