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5454 W Grover Street

Boise, ID 83705
  • $3,795,000
  • STATUS: Active
  • ON SITE: 68 days
  • MLS #: 98804834
Price Reduced
UPDATED: 16 min ago
$3,795,000
  • 24
    BEDS
  • 2.41
    ACRES
  • 7
    BATHS
  • 7
    1/2 BATHS
  • 18,048
    SQFT
  • $210
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:
Ada

School Information

Elementary School:
Middle School:
High School:
School District:
Courtesy of Amherst Madison.

Description

Incredible opportunity to own 16 existing townhouses on 4 separate parcels w/ the option of building 12 townhouses for a total of 28 units. Recently rezoned by city of Boise to R-2D to allow 28+ units on the 2.41 acres. Fully leased out- 48 beds/24 baths. Excellent location on the Boise Bench close to parks, downtown Boise & Boise State. All 16 townhouses include 3 beds/1.5 baths w/ private yards & storage rooms. 12 new townhouses- plans completed (3 bed/2.5 baths) w/ 2 car garages. A+ long term investment

Directions: Franklin, S on Phillippi, R on Grover

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© 2021 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Build Idaho | Keller Williams Realty Boise are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2021-08-04T14:10:36.907.
www.build-idaho.com/homes/117654685
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5454 W Grover Street Boise, ID 83705

  • Price: $3,795,000
  • Status: Active
  • Updated: 16 min ago
  • MLS #: 98804834
24
Beds
7
Baths
7
½ Baths
2.41
Acres
18,048
SQFT
$210
$/SQFT
1972
Built
Neighborhood:
Scotts Sub
County:
Ada
Area:
Boise Bench - 0400
Elementary School:
Hillcrest
Middle School:
South Boise Jr
High School:
Borah
School District:
Boise School District #1
Property Description
Incredible opportunity to own 16 existing townhouses on 4 separate parcels w/ the option of building 12 townhouses for a total of 28 units. Recently rezoned by city of Boise to R-2D to allow 28+ units on the 2.41 acres. Fully leased out- 48 beds/24 baths. Excellent location on the Boise Bench close to parks, downtown Boise & Boise State. All 16 townhouses include 3 beds/1.5 baths w/ private yards & storage rooms. 12 new townhouses- plans completed (3 bed/2.5 baths) w/ 2 car garages. A+ long term investment

Directions: Franklin, S on Phillippi, R on Grover
Exterior Features

Construction Frame Land Size 1 - 4.99 Acres Lot Bus On City Route Lot Size Length Irr Lot Size Width Irr Parking Spaces 40 Roof Composition Shingle

Interior Features

Apx Above Grade Sq Ft 18048 Apx Below Grade Sq Ft 0 Cooling Window/Wall Unit Disposals Some Units Heating BaseboardElectric Refrigerator All Units Stove Range All Units U1 Apx Sq Ft 1128 U2 Apx Sq Ft 1128 U3 Apx Sq Ft 1128 U4 Apx Sq Ft 1128 U5 Apx Sq Ft 1128 U6 Apx Sq Ft 1128 U7 Apx Sq Ft 1128 U8 Apx Sq Ft 1128 U8 Baths 1.5 Washer Dryer Hookups All Units Washer Dryers No Units

Property Features

Actual Rent Income 16570 Age 31-50 Years Annual Net Operating Income 129883 Assoc Setup Transfer Fees 0 Association Fees 0 Association Frequency Not Applicable Auction YN No City Bus Yes Flood Ins Required YN No Gross Operating Income 198840 Home Owner Exempt YN No In Foreclosure YN No Irrigation District YN No Land Use 5+ Units Local Improvement Dist YN No Multifamily Type Other Other Income 0 Potential Short Sale YN No Reo Bank Owned YN No Sewer Exp Yes Connected Tax Year 2020 Taxes 12508.92 Terms CashConventional Total Annual Expense 68957 U1 Actual Monthly Rent 1175 U1 Projected Monthly Rent 1395 U2 Actual Monthly Rent 1100 U2 Projected Monthly Rent 1395 U3 Actual Monthly Rent 1100 U3 Projected Monthly Rent 1395 U4 Actual Monthly Rent 1075 U4 Projected Monthly Rent 1395 U5 Actual Monthly Rent 1075 U5 Projected Monthly Rent 1395 U6 Actual Monthly Rent 1050 U6 Projected Monthly Rent 1395 U7 Actual Monthly Rent 1050 U7 Projected Monthly Rent 1395 U8 Actual Monthly Rent 1250 U8 Projected Monthly Rent 1395 Vacancy Or Credit Loss 0 Water Exp City Service Zoning R-1C

Courtesy of Amherst Madison.


© 2021 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Build Idaho | Keller Williams Realty Boise are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2021-08-04T14:10:36.907.
 
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Build Idaho | Keller Williams Realty Boise
1065 S Allante Pl.
Boise ID, 83706
Courtesy of Amherst Madison.