Building Details

Year Built 2018

Buildings 1

Listing Agency: Boise Premier Real Estate

Listed By: Jesse Taff · License #SP46653 Show Phone

Source: Waypointidaho

Added: Jul 30 Changed: Oct 12 Last Checked: Oct 16 at 8:18AM

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Investment Insights

Based on property information with market context.

This residential income property is a 2018 Fleetwood manufactured home with four bedrooms and two bathrooms. The interior includes a family room, kitchen with center island and pantry, laundry room, and a primary suite with a walk-in shower. Exterior improvements include vinyl fencing, a large carport, two storage sheds, rock landscaping, and a wheelchair-accessible ramp at the rear entrance.

The home is located in Heritage Park at 751 Freedom Ln in Emmett, Idaho. Community mailboxes, grocery stores, shopping, gas stations, and other everyday amenities are described as being within a short walk. The property includes practical storage, parking, and accessibility features for residential use.

Key Highlights

• 2018 Fleetwood manufactured home with 4 bedrooms and 2 bathrooms
• Kitchen includes a center island, pantry, and adjoining laundry room
• Primary suite features a walk‑in shower

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,702

Cap Rate

8.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$254,040 $254.0K

Cap Rate 7%

$181,457 $181.5K

Cap Rate 9%

$141,133 $141.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,289 SF

Gross rent

$24.4K $18.96/SF

− Vacancy

−$1.3K −$1.04/SF

EGI

$23.1K $17.92/SF

− OpEx

−$10.4K −$8.06/SF

NOI

$12.7K $9.85/SF

Area

Gem County, ID

Vacancy

5.50%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$254,040

Cap Rate 7%

$181,457

Cap Rate 9%

$141,133

Alternative Uses

Best Use

Apartment 5plus

$181.5K

$158.8K – $211.7K (±1% cap)

NOI $12,702 @ 7.0% cap · market cap 8.95%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$326.1K

$285.3K – $380.4K (±1% cap)

NOI $22,825 @ 7.0% cap · market cap 16.07%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Hair Salon Parking Lot & Garage HVAC Service Bakery Nail Salon Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

343

Businesses Nearby

Explore this area Business Placement

Demographics for 83617, ID

17,502

Population

6,981

Households

2.5

Avg Household Size

44

Median Age

22%

College-Educated

89%

High-School Grad

224.0 sq mi

ZIP Area

78

Density / Sq Mi

$65,566

Median Household Income

$34,007

Median Earnings

$873

Median Rent

$364,200

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - 2018 home with four bedrooms, two bathrooms, island kitchen, carport, storage sheds, and accessible rear entry.

Where is this residential income property located?

The property is located at 751 Freedom Ln Emmett, ID.

What is the asking price?

The asking price for this property is $142,000.

What are key features of this property?

This property features: 2018 Fleetwood manufactured home with 4 bedrooms and 2 bathrooms; Kitchen includes a center island, pantry, and adjoining laundry room; Primary suite features a walk‑in shower