5454 W Grover Street, Boise, ID 83705

$3,795,000
24
BD
8
BA
18,048
SqFt

Listing courtesy of Amherst Madison.

List Price
$3,795,000
Price Change
▼ $200,000 1627001476
Days on Market
59
Status
Active
MLS#
98804834
Region
Boise Bench
Bedrooms
24
Subdivision
Scotts Sub
Bathrooms
8
County
Ada
Sq. Ft
18,048
Year Built
1050
Acres
2.41
Age
31 - 50 Years

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

Additional Information

Living Area
18,048
Roof
Composition Shingle
Construction
Frame
Lot Features
Bus on City Route
Heating
Baseboard, Electric
Water
City Service
Electric
18048
Sewer
Yes Connected
School District
Boise School District #1
Elementary School
Hillcrest
Middle School
South Boise Jr
High School
Borah
City Bus
Yes
Association Fee
$1
Association Setup Fee
1128
Taxes
$12,508
Tax Year
2020
Parcel Number
R7780512850
Unit Beds One
3
Unit Beds Four
3
Unit Beds Two
3
Unit Beds Five
3
Unit Beds Three
3
Unit Beds Six
3
Unit Beds Seven
3
Unit Beds Eight
3
Unit Sqft One
1128
Unit Sqft Two
1128
Unit Sqft Three
1128
Unit Sqft Four
1128
Unit Sqft Five
1128
Unit Sqft Six
1128
Unit Sqft Seven
1128
Unit Sqft Eight
1128
Unit Actual Rent One
1175
Unit Proj Rent One
1395
Unit Actual Rent Two
1100
Unit Proj Rent Two
1395
Unit Actual Rent Three
1100
Unit Proj Three
1395
Unit Actual Rent Four
1075
Unit Proj Rent Four
1395
Unit Actual Rent Five
1075
Unit Proj Rent Five
1395
Unit Actual Rent Six
1050
Unit Proj Rent Six
1395
Unit Actual Rent Seven
1050
Unit Proj Rent Seven
1395
Unit Actual Rent Eight
1250
Unit Proj Rent Eight
1395
Actual Rent Income
16570
Gross Operating Income
198840
Unit Baths One
1.5
Unit Baths Two
1.5
Unit Baths Three
1.5
Unit Baths Four
1.5
Unit Baths Five
1.5
Unit Baths Six
1.5
Unit Baths Seven
1.5
Unit Baths Eight
1.5


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