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1502 W Franklin

Boise, ID 83702
  • $1,500,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 98893622
UPDATED: 58 min ago
$1,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,180
    SQFT
  • $472
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1896
County:
Ada

School Information

Elementary School:
Middle School:
High School:
School District:
Intermountain MLS logoCourtesy of Arthur Berry & Company.

Description

Easily convertible back to single family home, an Airbnb, or a "house hack", this unique and attractive concept has quickly become a neighborhood favorite. Combining a fashionable, tasteful boutique hotel with five guest rooms and a lovely Backyard Beer Garden, you are acquiring multiple revenue streams with a classic property in the heart of the Treasure Valleys most desirable area. The Property was originally designed by one of Idahos most famous Architects as his personal residence in 1896. A complete remodel on the interior and exterior has created a charmed, inviting space for travelers and neighborhood guests. With overall revenue compound annual growth rate of 26% in the last three years with absentee owners, the growth has been proven. A new owner can bring hospitality experience to reach its potential. The business is currently split at approximately 27% backyard beer garden and 73% boutique hotel sales.

Directions: Downtown Boise, North on 15th, past State Street, Northwest corner of 15th and Franklin Street The business is located in the heart of Boise’s most desirable area, enjoying high occupancy rates and downtown walkability. In addition, the drive-by market

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Intermountain MLS logo© 2023 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Five Doors Network | Keller Williams Realty Boise 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 2023-11-30T09:10:29.213.
www.minegargamble.com/homes/144835750
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1502 W Franklin Boise, ID 83702

  • Price: $1,500,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 58 min ago
  • MLS #: 98893622
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,180
SQFT
$472
$/SQFT
1896
Built
Neighborhood:
B C O T
County:
Ada
Area:
Boise North - 0100
Elementary School:
Washington
Middle School:
North Jr
High School:
Boise
School District:
Boise School District #1
Property Description
Easily convertible back to single family home, an Airbnb, or a "house hack", this unique and attractive concept has quickly become a neighborhood favorite. Combining a fashionable, tasteful boutique hotel with five guest rooms and a lovely Backyard Beer Garden, you are acquiring multiple revenue streams with a classic property in the heart of the Treasure Valleys most desirable area. The Property was originally designed by one of Idahos most famous Architects as his personal residence in 1896. A complete remodel on the interior and exterior has created a charmed, inviting space for travelers and neighborhood guests. With overall revenue compound annual growth rate of 26% in the last three years with absentee owners, the growth has been proven. A new owner can bring hospitality experience to reach its potential. The business is currently split at approximately 27% backyard beer garden and 73% boutique hotel sales.

Directions: Downtown Boise, North on 15th, past State Street, Northwest corner of 15th and Franklin Street The business is located in the heart of Boise’s most desirable area, enjoying high occupancy rates and downtown walkability. In addition, the drive-by market
Exterior Features

Construction Materials ConcreteFrameMetal Siding Fencing PartialWood Lot Features Small Lot 5999 SFGardenSidewalks Parking Total 18 Roof Composition

Interior Features

Above Grade Finished Area Units Square Feet Accessibility Features Handicap ParkingHandicappedAccessible Hallway(s) Appliances Stove/Range (No Units)Refrigerator (No Units) Below Grade Finished Area Units Square Feet Building Area Total 3180 Cooling Central AirDuctless/Mini Split Cooling YN Yes Flooring Laminate Heating ElectricForced AirNatural GasDuctless/Mini Split Heating YN Yes

Property Features

Association Fee 0 Current Use 2-4 UnitsOther Gross Income 260927 Lot Size Dimensions 60x80 Net Operating Income 68867 Ownership Fee Simple Property Sub Type Other Tax Annual Amount 8557 Tax Legal Description LOT 6 BLK 133 B C O T Tax Year 2022 Utilities Sewer Connected Water Source City Service

Intermountain MLS logoCourtesy of Arthur Berry & Company: 208-336-8000.


Intermountain MLS logo© 2023 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Five Doors Network | Keller Williams Realty Boise 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 2023-11-30T09:10:29.213.
 
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Five Doors Network | Keller Williams Realty Boise
1065 S Allante Pl
Boise ID, 83709
Intermountain MLS logoCourtesy of Arthur Berry & Company.