1315 E Ash St. Caldwell, Idaho 83605

Property Description

Amazing opportunity to purchase an exclusive, off-market 10 unit property with huge upside. Conveniently located within walking distance to the College of Idaho and a number of amenities, and a short distance to downtown Caldwell, this property is always in high demand with a history of low vacancy rates. All units are month-to-month with potential to raise to market rates. Owner has recently installed an entirely new deck and railing system around one of the buildings adding a nice lift in curb appeal. With some capital brought to the table, this project is set-up perfectly for an as-is, easy sale with a projected ARV of $1.8M (4.8% cap)!  

Download pro forma for conservative rents and expenses as-is here. 

Download recent comparable here. 

Estimated update costs:

• New roof - bid already in at $30K
• New paint and siding - ~$20K
• New unit updates - $10K/unit
  • Cabinetry, vanities, HVAC, windows, paint, flooring, ect..
• Misc - ~$50K 
  • landscaping, formal community area, ect...