3850 W Chair Lift Ln, Meridian, ID 83642
Courtesy of Congress Realty, Inc. Main: 888-881-4118
Selling Office: Silvercreek Realty Group.- $?
- 12
- BD
- 12
- BA
- 7,060
- SqFt
- Sold Price
- $?
- List Price
- $1,200,000
- Days on Market
- 63
- Closing Date
- Feb 04, 2026
- Status
- SOLD
- MLS#
- 98964111
- Bedrooms
- 12
- Subdivision
- Non Applicable
- Bathrooms
- 12
- County
- Ada
- Sq. Ft
- 7060
- Garage Spaces
- 1
- Year Built
- 2021
- Acres
- 0.14
- Age
- 2021
Property Description
This fully rented, prime investment property is just a few minutes from downtown Meridian and interstate 84. Each unit in this 4-plex features a spacious 1765 square feet that includes 3 bedrooms, 2.5 bathrooms and a one-car garage. The kitchen and living area have a modern look and feel. This building is part of the newer Entrata Farms community which features a clubhouse, swimming pool and a green space just in front of the building. Rents, plus the “smart-home package” currently produce $87,000 in gross income per year with a cap rate of over 5%. The HOA dues are $816/month for the whole 4-plex which includes the master insurance policy, trash, water, and maintenance for all common areas.
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Additional Information
- Land Use
- 2-4 Units
- Sq. Ft
- 7060
- Garagetype
- One Car
- Roof
- Composition
- Construction
- Stucco, Stone
- Lot Features
- Small Lot 5999 SF
- Air Conditioning
- Central Air
- Heating
- Natural Gas
- Water
- City Service
- School District
- West Ada School District
- Elementary School
- Chaparral
- Middle School
- Meridian Middle
- High School
- Meridian
- Association Fee
- $816
- Association Frequency
- Monthly
- Taxes
- $5,082
- Tax Year
- 2024
- Parcel Number
- R2405710340
- Gross Operating Income
- 87000
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