2251 Pond Street, Boise ID 83705-3837
- $3,125,000
- Residential Income
- 1974
- 14592 sqft
- 1.06 sqft
- $3,125,000
Description
The Pond Street Apartments have been lovingly updated over the past 5 years (all units). The updates also included new TPO roofs on each building, new asphalt parking lot, and some updated zero-scape in areas of the property as well as new fencing, and much more. Interior updates included paint, flooring, some HVAC updates, and remodeled kitchens and bathrooms. Many units are renting at $1, 600+ per month and many that were leased near the beginning of the renovations are rented for less than $1, 200 giving a buyer the opportunity to quickly raise rents on those that are under market as leases renew without requiring much additional investment from the buyer. Buyer may implement a RUBS charge to further increase income and recoup utility cost for water, sewer, and trash.
Address
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Address: 2251 Pond Street
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City: Boise
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State/county: ID
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Zip/Postal Code: 83705-3837
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Area: 0 Not Applic.
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Country: US
Details
Updated on July 8, 2024 at 8:58 pm-
Property ID HZ98902895
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Price $3,125,000
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Property Size 14592 sqft
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Land Area 1.06 sqft
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Year Built 1974
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Property Type Residential Income
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Property Status Closed
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Office Name KW Commercial
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Agent Name Gregory Davis
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Office Phone 208-475-1313
Additional details
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Listing Terms Cash, Conventional, 1031 Exchange
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Roof Other
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Utilities Sewer Connected
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Cooling Central Air, All Units
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Heating Forced Air
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County Ada
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Property Type Residential Income
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Elementary School Hillcrest
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Middle School South Boise Jr
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High School Borah
Mortgage Calculator
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Contact Information
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