249 East 36th Street, Garden City, Idaho, USA, USA
Financial Report
Financial Report
Description
Investors dream- Fully furnished, turnkey established rental business with 3 unique & separate spaces on 1 parcel: Main townhouse is 3/2.5, Casita is main level bed/ bath & Loft above detached garage is bath/kitchenette/washer/dryer. Each distinct and separate space has its own separate entrance, comes fully furnished with its own separate HVAC/mini split. Properties with this much flexibility, no HOA & proximity to the river are rarely available. The perfect set up for an investor or house hacker. Located in the heart of the waterfront district, steps to the Boise River & Whitewater Park. The current & planned urban development in this area is well matched for these units. Seller has great rental history & is selling conjoined units, 249 E 36th & 241 E 36th, as well as a third unit at 225 E 36th can be added to achieve further economies of scale and majority ownership in this 4-unit complex. Showings limited/require qualified buyer.
Nonrestricted rentals in Waterfront district are rare and a great opportunity for a new or seasoned investor looking for great cash flow, strong cap rate and gross rent multiplier. This property has recently been turned into a rental with excellent results. The property generated gross revenue of $10,792 since rental inception (partial months of July/Aug). Revenue projected similar to 241 E 36th. Buyer to Verify All.
Amenities
Details
Owner Reported Financials
Owner Reported Expenses
Address
249 East 36th Street, Garden City, Idaho, USA, USA


