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7 Beds
4 Baths
3,252 SqFt
SOLD DATE : 01/13/2025
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,252 sqft
Price per Sqft $239
Subdivision 0 Not Applic.
MLS Listing ID 98896601
Sold Date 01/13/25
Bedrooms 7
HOA Y/N No
Year Built 1971
Annual Tax Amount $3,398
Tax Year 2023
Property Sub-Type Triplex
Source IMLS 2
Property Description
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.
Location
State ID
County Ada
Area Meridian Nw - 1030
Zoning City of Meridian R-15
Direction From Freeway, Go north on Meridian Rd. Exit, go west on Pine, south on 4th st. property on corner of Idaho and 4th
Interior
Heating Ceiling, Electric
Cooling All Units, Wall/Window Unit(s)
Fireplace No
Appliance Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
Laundry Washer/Dryer Hookups (All Units)
Exterior
Garage Spaces 2.0
Community Features 2-4 Units
Utilities Available Sewer Connected
Roof Type Composition
Total Parking Spaces 4
Building
Lot Description Standard Lot 6000-9999 SF, Bus on City Route, Sidewalks
Faces From Freeway, Go north on Meridian Rd. Exit, go west on Pine, south on 4th st. property on corner of Idaho and 4th
Foundation Crawl Space
Water City Service
Structure Type Brick,Frame
New Construction No
Schools
Elementary Schools Meridian
High Schools Meridian
School District West Ada School District
Others
Senior Community Yes
Tax ID R9323750583
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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