338 E State Avenue, Meridian, ID 83642
Courtesy of Cashflow Real Estate.
Selling Office: Silvercreek Realty Group.- $?
- 5
- BD
- 3
- BA
- 2,809
- SqFt
- Sold Price
- $?
- List Price
- $585,900
- Days on Market
- 5
- Closing Date
- Jul 22, 2024
- Status
- SOLD
- MLS#
- 98909117
- Bedrooms
- 5
- Subdivision
- Cottage Home Ad
- Bathrooms
- 3
- County
- Ada
- Sq. Ft
- 2809
- Year Built
- 1927
- Acres
- 0.16
- Age
- 1927
Property Description
Find this GEM in the HEART of "Old Town" Meridian!!! VERY unique property w/MANY options for future possibilities! Duplex w/additional open area being rented to a mobile mechanic for $600/mo. Zoned R-15 with "Opportunity zoning" (hold it for 7 years & no capital gains taxes if buy and hold investing occurs). Possible rezone to "Old Town" & get ZERO setbacks with commercial/residential mix + more lax vertical limits!!! Seller has a proforma that was put together by a real estate developer investment company that can be found in the doc. NO HOAs! Roof: BRAND NEW in 2022 Unit 1: New LVP flooring throughout! Each room has new mini-splits, A huge 24' x 56' COVERED concrete pad w/storage space (Could be a master bed and bath turning this 2/1 into a 3/2.) Unit 2: New kitchen-int paint, pergo/laminate/hardwd floors, 3 bed 2 bath. Carport, fenced man cave, mobile trailer for stg. Unit # 3 Carport enclosure w/new roof. Fully gated with room for 6-8 cars. On site Wtr/Swr cleanout/220 pwr & 110 outlets. FULLY RENTED
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Additional Information
- Land Use
- 5+ Units
- Sq. Ft
- 2809
- Garagetype
- Carport, RV Access/Parking
- Roof
- Composition
- Construction
- Frame
- Fenced
- Metal, Wood
- Lot Features
- Standard Lot 6000-9999 SF, Irrigation, R.V. Parking
- Air Conditioning
- Central Air, Ductless/Mini Split
- Heating
- Forced Air, Ductless/Mini Split
- Water
- City Service
- Electric
- 0, Unit 1 Separate Meter, Unit 2 Separate Meter
- Gas
- Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter
- School District
- West Ada School District
- Elementary School
- Meridian
- Middle School
- Meridian Middle
- High School
- Meridian
- Taxes
- $2,495
- Tax Year
- 2023
- Parcel Number
- R1578000290
- Gross Operating Income
- 46200
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