Active

911 2nd St S

Nampa ID, 83651

$775,000


$145.49 per sqft

Active

7 Beds

7 Baths

5,327 sqft

Other

Courtesy of Aaron Williams, Silvercreek Realty Group 

Massive price drop! Incredible 5.4% cap rate investment opportunity in the heart of downtown Nampa, Idaho walking distance to your favorite eateries & entertainment! Property includes 2 multi-family buildings side-by-side, 6 parking spaces, & a rentable billboard box sign. *Building #1 is a fully renovated & occupied cash-flowing 4-plex. Including new roof, windows, separate electrical meters, plumbing & new water heaters. All properly permitted through the city. *Building #2 is a triplex currently under rehab (2 bed, 1 bath / 1 bed, 1 bath / studio, 1 bath) New roof installed in 2022 & 3 separate power meters. Demo permit approved, building permit coming soon. *Purchase project now at current price & condition & build in a greater profit. Price will increase as each phase of development gets finished. End ARV/price will be ~$1.4m w/ 7.5% cap rate. This is an incredible opportunity to build in substantially greater equity. Further value comes from the rentable billboard box sign on its own power meter.

98928685

MLS ID

November 6, 2024

Listed

December 17, 2024

Updated

Map

911 2nd St S
Nampa ID, 83651

Interior Features

Bedrooms

7


Total Bathrooms

7


Appliances

Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)


Floor Description

Engineered Vinyl Plank


Fireplace

No


Cooling

Yes


Cooling Description

Ductless/Mini Split


Heating

Yes


Heating Description

Ductless/Mini Split

Exterior/Building Features

Lot Size

0.16 Acres


Lot Features

Standard Lot 6000-9999 SF, Bus on City Route, RV Parking, Sidewalks


Roof

Composition

School Information

School District

Nampa School District #131


High School

Nampa


Elementary School

Central

Other Property Details

Area Name

Nampa NW (51) - 1270


Taxes

$3,261


Tax Frequency

Annually


Days on Market

40


Association Fee

Not Listed


Garage

No


Parking

RV Access/Parking


Parking Total

6


View

No


County

Canyon


Water Source

City Service


Pool

No

Listing History

Date

Event

Price

12/17/2024

Price change

$775,000

-6%

12/9/2024

Price change

$820,000

-11%

 

Courtesy of Silvercreek Realty Group, Aaron Williams,
Listing Contact: 208-761-2175 

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