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2251 S Pond Street

Boise, ID 83705
  • $4,200,000
  • STATUS: Active
  • ON SITE: 77 Days
  • MLS #: 98850911
UPDATED: 114 min ago
$4,200,000
  • 0
    BEDS
  • 1.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,592
    SQFT
  • $288
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1974
County:
Ada

School Information

Elementary School:
Middle School:
High School:
School District:
Intermountain MLS logoCourtesy of Kw Commercial.

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, brand 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. The newly rented units are renting at $1,425 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. This property is being offered as part of a portfolio or as a separate investment.

Directions: From I-84 N on Orchard, East on Targee, S on Pond to address

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Intermountain MLS logo© 2022 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Fathom Realty 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 2022-09-29T00:10:17.853.
www.homesbyepic.org/homes/130828391
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2251 S Pond Street Boise, ID 83705

  • Price: $4,200,000
  • Status: Active
  • On Site: 77 Days
  • Updated: 114 min ago
  • MLS #: 98850911
0
Beds
0
Baths
0
½ Baths
1.06
Acres
14,592
SQFT
$288
$/SQFT
1974
Built
Neighborhood:
0 Not Applic.
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
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, brand 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. The newly rented units are renting at $1,425 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. This property is being offered as part of a portfolio or as a separate investment.

Directions: From I-84 N on Orchard, East on Targee, S on Pond to address
Exterior Features

Construction Materials FrameStucco Fencing PartialWood Lot Features 1 - 4.99 Acres Open Parking YN Yes Parking Features Finished Driveway Parking Total 34 Roof CompositionOther

Interior Features

Above Grade Finished Area Units Square Feet Appliances Stove/Range (All Units)Refrigerator (All Units) Below Grade Finished Area Units Square Feet Building Area Total 14592 Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Association Fee 0 Current Use 5+ Units Gross Income 253299 Listing Terms CashConventional1031 Exchange Net Operating Income 171106 Operating Expense 82193 Ownership Fee Simple Property Sub Type Apartment Tax Annual Amount 21825.76 Tax Legal Description See Legal Description in Associated Documents Tax Year 2021 Water Source City Service Zoning Description R-2

Intermountain MLS logoCourtesy of Kw Commercial: 208-475-1313.


Intermountain MLS logo© 2022 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Fathom Realty 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 2022-09-29T00:10:17.853.
 
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Fathom Realty
3525 E Longwing Lane
Meridian ID, 83642
Intermountain MLS logoCourtesy of Kw Commercial.