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1128-1130 E 5th

Meridian, ID 83642
  • $495,000
  • STATUS: Active
  • ON SITE: 56 Days
  • MLS #: 98891749
UPDATED: 34 min ago
$495,000
  • 4
    BEDS
  • 0.19
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,885
    SQFT
  • $263
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1967
County:
Ada

School Information

Elementary School:
Middle School:
High School:
School District:
Intermountain MLS logoCourtesy of Atova.

Description

Superb location! Currently lowest priced, multi-unit investment opportunity in all of Boise and Meridian! Close to schools, shopping centers, restaurants and local amenities. Easy maintenance, low average cost for water, sewer and trash. Separate electrical meters. Metal roof. New carpet and interior paint 08/23 in unit #1130. Currently both units are tenant occupied with long rental history. #1130 Leased through 08/31/25. #1128 is leased until 07/01/2024. North 1/3 portion of lot (approx, 2200 sqft.) potential for garage or out-building with P/Z approval. Current leases Landlord pays water/sewer/trash (approx $85 month) Tenants pay electric.

Directions: From Locust Grove, West on Pine, North on 5th to address

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Intermountain MLS logo© 2023 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Michael Ryan Real Estate are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and 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. Data last updated 2023-12-02T07:10:42.313.
www.michaelryanrealestate.com/homes/144172505
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1128-1130 E 5th Meridian, ID 83642

  • Price: $495,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 34 min ago
  • MLS #: 98891749
4
Beds
2
Baths
0
½ Baths
0.19
Acres
1,885
SQFT
$263
$/SQFT
1967
Built
Neighborhood:
Eastside Park S
County:
Ada
Area:
Meridian Nw - 1030
Elementary School:
Meridian
Middle School:
Meridian Middle
High School:
Meridian
School District:
West Ada School District
Property Description
Superb location! Currently lowest priced, multi-unit investment opportunity in all of Boise and Meridian! Close to schools, shopping centers, restaurants and local amenities. Easy maintenance, low average cost for water, sewer and trash. Separate electrical meters. Metal roof. New carpet and interior paint 08/23 in unit #1130. Currently both units are tenant occupied with long rental history. #1130 Leased through 08/31/25. #1128 is leased until 07/01/2024. North 1/3 portion of lot (approx, 2200 sqft.) potential for garage or out-building with P/Z approval. Current leases Landlord pays water/sewer/trash (approx $85 month) Tenants pay electric.

Directions: From Locust Grove, West on Pine, North on 5th to address
Exterior Features

Carport YN No Construction Materials Brick Fencing WireWood Lot Features Standard Lot 6000-9999 SfGarden Open Parking YN Yes Parking Features OtherFinished Driveway Parking Total 4 Roof Metal

Interior Features

Above Grade Finished Area Units Square Feet Appliances Stove/Range (All Units)Refrigerator (All Units)Washer/Dryer (All Units) Below Grade Finished Area Units Square Feet Building Area Total 1885 Cooling Wall/Window Unit(S) Cooling YN Yes Garage YN Yes Heating CeilingElectric Heating YN Yes Laundry Features Washer/Dryer Hookups (All Units)

Property Features

Association Fee 0 Current Use 2-4 Units Electric Unit 1 Separate MeterUnit 2 Separate Meter Gross Income 26400 Listing Terms CashConventional Lot Size Dimensions 75X120 Net Operating Income 22243 Operating Expense 4157 Ownership Fee Simple Property Sub Type Duplex Tax Annual Amount 2276 Tax Legal Description Lot 4 Block 4 Eastside Park Sub Tax Year 2022 Total Actual Rent 2200 Utilities Sewer ConnectedCable Connected Water Source City Service Zoning Description R-8

Intermountain MLS logoCourtesy of Atova: 208-939-5151.


Intermountain MLS logo© 2023 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Michael Ryan Real Estate are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and 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. Data last updated 2023-12-02T07:10:42.313.
 
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Michael Ryan Real Estate
3611 North Locust Grove Road
Meridian ID, 83646
Intermountain MLS logoCourtesy of Atova.