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477 1st Street N. Nampa, ID 83651
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,978 sqft
Price per Sqft $193
Subdivision 0 Not Applic.
MLS Listing ID 98860034
Sold Date 12/28/22
Bedrooms 7
HOA Y/N Yes
Year Built 1940
Annual Tax Amount $3,525
Tax Year 2021
Property Sub-Type Apartment
Source IMLS 2
Property Description
OPPORTUNITY ZONE! your chance to purchase a 7 unit multi-family in downtown Nampa. 4 units were renovated in 2021 and rented out at $925 to $975 a month. Market rent for these units are $1,000 per unit. This is verified by property next door which are similar in size and condition. The units are laid out as follows: one fourplex containing units 1 - 4. 2 units up top and 2 units below. Units 5 -7 are stand alone 1 bed 1 bath cottages. New 12 month leases are all going to be signed DEC 1st. All four current residents want to stay. The property next door was also recently renovated and sold at 575k at only 4 units. Large open space at the back of the property yielding an opportunity to rent out storage containers to tenants or additional parking spots.
Location
State ID
County Canyon
Area Nampa Ne (87) - 1250
Direction 11th Ave North, West side of Street
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Disposal (Some Units), Stove/Range (Some Units), Refrigerator (Some Units), Washer/Dryer (No Units)
Laundry Washer/Dryer Hookups (No Units)
Exterior
Community Features 5+ Units
Utilities Available Sewer Connected, Cable Connected
Roof Type Composition
Total Parking Spaces 7
Building
Lot Description 10000SF - .49
Faces 11th Ave North, West side of Street
Water City Service
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Snake River
High Schools Columbia
School District Nampa School District #131
Others
Tax ID R1289800000
Ownership Fee Simple
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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