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Great investment property in Meridian. Unit 812 was just completely remodeled and updated, is like new. Unit 812 is leased for $1395.00/month, rented in one day. Unit 810 is leased for $1195.00/mo and Unit 332 is leased for $1895.00/mo. Units 810 and 332 both have just had bathrooms completely updated. New updates include: Roof with warranty, Wall AC units for each unit. Newly painted exterior, new exterior doors, New exterior lighting, windows throughout, New water lines, newer sidewalks and landscaping. New appliances in all except for oven/range and dishwasher in unit 810. There is gas to the property but is not hooked up to any of the units. Great investment opportunity! One tenant has occupied for approx. 10 years and the other for approx. 7 years. Easy freeway access, seller has never had an issue renting out the units. This Charming triplex is single level. NOI is $48,959.00 making a 6% Cap Rate.
| DAYS ON MARKET | 346 | LAST UPDATED | 7/18/2024 |
|---|---|---|---|
| TRACT | 0 Not Applic. | YEAR BUILT | 1971 |
| COMMUNITY | Meridian NW - 1030 | GARAGE SPACES | 2.0 |
| COUNTY | Ada | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Meridian |
|---|---|
| Jr. High School | Meridian Middle |
| High School | Meridian |
| PRICE HISTORY | |
| Prior to Jul 18, '24 | $799,900 |
|---|---|
| Jul 18, '24 - Today | $778,500 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Range, Refrigerator |
| AREA | Meridian NW - 1030 |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Brick, Frame |
| GARAGE | Yes |
| HEAT | Ceiling, Electric |
| PARKING | Attached, Other |
| SUBDIVISION | 0 Not Applic. |
| TAXES | 3398 |
| UTILITIES | Sewer Connected |
| WATER | Public |
| ZONING | City of Meridian R-15 |
| SATELLITE VIEW |
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