3009 E Greenhurst Road Nampa, ID 83686
- $425,000
- 6
- BD
- 3
- BA
- 2,262
- SqFt
- List Price
- $425,000
- Status
- Off-Market
- Property Type
- Triplex
- Bedrooms
- 6
- Bathrooms
- 3
- Living Area
- 2,262
Property Description
Fantastic opportunity to purchase an exclusive, off-market triplex with lots of upside. All units are month-to-month with potential to raise to market rates. Each unit comes with a covered carport and storage unit. Large back lot has unique, value-add opportunity by creating private, fenced backyards for each unit. This project is set up perfectly for an as-is, easy sale with a projected ARV of $600K (4.8% cap)!
Download pro forma for conservative rents and expenses as-is here.
Estimated update costs ($55K - $60K):
- New roof - ~$15K
- New paint and siding - ~$20K
- New unit updates - $7,500K/unit
- flooring, paint, vanities, windows, doors, ect..
- New fence - ~$10K - $15K