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Jerod Lee

jlee@myhomeconnection.com +1(208) 214-5595

Listed by Chet Pipkin • Pipkin & Associates

$749,900

Est. payment - /mo

9 Beds

5 Baths

3,682 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 3,682 sqft

Price per Sqft $203

Subdivision 0 Not Applic.

MLS Listing ID 98975745

Style Mobile Home

Bedrooms 9

HOA Y/N No

Year Built 2003

Annual Tax Amount $4,136

Tax Year 2025

Lot Size 0.800 Acres

Acres 0.8

Property Sub-Type Other

Source IMLS 2

Property Description

Assumable Seller Financing | Duplex + 5-Space MHP (7 Income Streams) Duplex and five-space manufactured housing property on ~0.80 acres in Horseshoe Bend. Income includes (2) 2 bed / 1 bath duplex units (built 2002), (2) park-owned homes (home + pad rent), and (3) tenant-owned homes paying lot rent. Current Performance: $67,561 EGI (2% vacancy), $50,896 NOI, 6.79% cap rate. Historically minimal vacancy with several long-term residents. Upside: Approximately $9,600+ in documented rent upside as below-market leases renew, supporting potential NOI of ~$60,362 (8.05% cap at list price). City water/sewer, separately metered electricity, irrigation well. Located ~30 minutes north of Boise via Hwy 55. Assumable seller financing available (subject to approval). Financials and rent roll available upon request.Agent is a member of the LLC that owns the property and is related to the other owner.

Location

State ID

County Boise

Area Horseshoe Bend - Idaho City - 1400

Zoning Commercial

Direction Hwy 55, E on Adams St.

Interior

Heating Electric, Forced Air

Cooling Central Air, Some Units

Flooring Laminate

Fireplace No

Appliance Disposal (Some Units), Stove/Range (All Units), Refrigerator (Some Units), Washer/Dryer (Some Units)

Laundry Washer/Dryer Hookups (All Units)

Exterior

Fence Partial, Wire

Community Features 5+ Units, Mobile Home Park

Utilities Available Sewer Connected

Roof Type Composition

Total Parking Spaces 20

Building

Lot Description 1/2 - .99 Acre, Irrigation

Faces Hwy 55, E on Adams St.

Foundation Crawl Space

Water City Service

Structure Type Frame

New Construction No

Schools

Elementary Schools Horseshoe

High Schools Horseshoe Bend

School District Horseshoe Bend School District #73

Others

Senior Community No

Tax ID RPH0000034008A

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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NEARBY SCHOOLS & PROPERTIES

+1(208) 214-5595

jlee@myhomeconnection.com

1120 S Rackham Way, Suite 300, Meridian

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109 Adams St. Horseshoe Bend, ID 83629