2251 Pond Street, Boise, ID 83705
Courtesy of KW Commercial.
Selling Office: Amherst Madison.- $?
- 14,592
- SqFt
- Sold Price
- $?
- List Price
- $3,125,000
- Days on Market
- 43
- Closing Date
- Jul 08, 2024
- Status
- SOLD
- MLS#
- 98902895
- Subdivision
- 0 Not Applic.
- County
- Ada
- Sq. Ft
- 14592
- Year Built
- 1974
- Acres
- 1.06
- Age
- 1974
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, 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. Many units are renting at $1,600+ 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. Buyer may implement a RUBS charge to further increase income and recoup utility cost for water, sewer, and trash.
/u.realgeeks.media/nationalbrokerconnect/Logo.png){kind=logo}
Additional Information
- Land Use
- 5+ Units
- Sq. Ft
- 14592
- Roof
- Other
- Construction
- Frame, Other, Stucco
- Fenced
- Partial, Wood
- Lot Features
- 1 - 4.99 Acres, Sidewalks
- Air Conditioning
- Central Air, All Units
- Heating
- Forced Air
- Water
- City Service
- School District
- Boise School District #1
- Elementary School
- Hillcrest
- Middle School
- South Boise Jr
- High School
- Borah
- Taxes
- $29,495
- Tax Year
- 2023
- Parcel Number
- R1580500112, R1580500121, R1580500115, R1580500118
- Gross Operating Income
- 265477
Information courtesy of Intermountain Multiple Listing Service. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non‐commercial use, 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. All listings provided by IMLS are marked with the official IMLS IDX icon.