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2251 Pond Street

Boise, ID 83705
  • $3,125,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 98902895
$3,125,000
  • 0
    BEDS
  • 1.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,592
    SQFT
  • $214
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1974
County:
Ada

School Information

Elementary School:
Middle School:
High School:
School District:
Intermountain MLS logoCourtesy of KW Commercial.

Description

The Pond Street Apartments have been lovingly updated over the past 5 years (all units). The updates also included new TPO roofs on each building, new asphalt parking lot, and some updated zero-scape in areas of the property as well as new fencing, and much more. Interior updates included paint, flooring, some HVAC updates, and remodeled kitchens and bathrooms. Many units are renting at $1,600+ per month and many that were leased near the beginning of the renovations are rented for less than $1,200 giving a buyer the opportunity to quickly raise rents on those that are under market as leases renew without requiring much additional investment from the buyer. Buyer may implement a RUBS charge to further increase income and recoup utility cost for water, sewer, and trash.

Directions: I-84 to Orchard. N on Orchard, E on Targee to Pond, S on Pond to address.

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Intermountain MLS logo© 2024 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 2024-04-18T17:27:32.6.
www.minegargamble.com/homes/148484620
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2251 Pond Street Boise, ID 83705

  • Price: $3,125,000
  • Status: Active
  • On Site: 39 Days
  • MLS #: 98902895
0
Beds
0
Baths
0
½ Baths
1.06
Acres
14,592
SQFT
$214
$/SQFT
1974
Built
Neighborhood:
0 Not Applic.
County:
Ada
Area:
Boise Bench - 0400
Elementary School:
Hillcrest
Middle School:
South Boise Jr
High School:
Borah
School District:
Boise School District #1
Property Description
The Pond Street Apartments have been lovingly updated over the past 5 years (all units). The updates also included new TPO roofs on each building, new asphalt parking lot, and some updated zero-scape in areas of the property as well as new fencing, and much more. Interior updates included paint, flooring, some HVAC updates, and remodeled kitchens and bathrooms. Many units are renting at $1,600+ per month and many that were leased near the beginning of the renovations are rented for less than $1,200 giving a buyer the opportunity to quickly raise rents on those that are under market as leases renew without requiring much additional investment from the buyer. Buyer may implement a RUBS charge to further increase income and recoup utility cost for water, sewer, and trash.

Directions: I-84 to Orchard. N on Orchard, E on Targee to Pond, S on Pond to address.
Exterior Features

Construction Materials FrameOtherStucco Fencing PartialWood Lot Features 1 - 4.99 AcresSidewalks Parking Total 34 Roof Other

Interior Features

Above Grade Finished Area Units Square Feet Accessibility Features Handicap Parking Appliances Disposal (Some Units)Stove/Range (All Units)Refrigerator (All Units)Washer/Dryer (All Units) Below Grade Finished Area Units Square Feet Building Area Total 14592 Cooling Central AirAll Units Cooling YN Yes Heating Forced Air Heating YN Yes Laundry Features Washer/Dryer Hookups (All Units)

Property Features

Association Fee 0 Current Use 5+ Units Gross Income 265477 Listing Terms CashConventional1031 Exchange Net Operating Income 180716 Operating Expense 84761 Ownership Fee Simple Property Sub Type Apartment Tax Annual Amount 29495 Tax Legal Description Multiple--see attached exhibit for full legal Tax Year 2023 Utilities Sewer Connected Water Source City Service Zoning Description R-2

Intermountain MLS logoCourtesy of KW Commercial: 208-475-1313.


Intermountain MLS logo© 2024 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 2024-04-18T17:27:32.6.
 
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Five Doors Network | Keller Williams Realty Boise
1065 S Allante Pl
Boise ID, 83709
Intermountain MLS logoCourtesy of KW Commercial.