Quadruplex - Boise, ID
Fully leased four-plex in the desirable Keeneland Park Subdivision. Gross annual rent of $70,140 with a current NOI of $46,700 (4.56% cap rate at $1,025,000). Each of the four 2-bed, 1.5–2 bath units (910–950 SF) features a fireplace, in-unit laundry, and covered parking. Recent updates include LVP flooring and 2024 carpet/paint. Community amenities include a clubhouse and pool next door to property. HOA ($275/mo) covers exterior/common area maintenance. Tenants pay their own gas/electric; owner pays water/sewer. Boise’s multifamily market remains one of the strongest in the region, with ~3% vacancy rates and ~4% annual rent growth, driving consistent demand. Priced at ~$256K per door, this property offers stable cash flow with upside potential for rent growth — an ideal candidate for 1031 exchange buyers or long-term hold investors. Financials deemed reliable but not guaranteed; buye...
Fully leased four-plex in the desirable Keeneland Park Subdivision. Gross annual rent of $70,140 with a current NOI of $46,700 (4.56% cap rate at $1,025,000). Each of the four 2-bed, 1.5–2 bath units (910–950 SF) features a fireplace, in-unit laundry, and covered parking. Recent updates include LVP flooring and 2024 carpet/paint. Community amenities include a clubhouse and pool next door to property. HOA ($275/mo) covers exterior/common area maintenance. Tenants pay their own gas/electric; owner pays water/sewer. Boise’s multifamily market remains one of the strongest in the region, with ~3% vacancy rates and ~4% annual rent growth, driving consistent demand. Priced at ~$256K per door, this property offers stable cash flow with upside potential for rent growth — an ideal candidate for 1031 exchange buyers or long-term hold investors. Financials deemed reliable but not guaranteed; buyer to verify all income and expenses.
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