362 London St Middleton, ID 83644

Property Details for 362 London St

Year built

2024

Property type

Residential income homes

Description

This exceptional nine-unit single-family rental portfolio in Middleton, Idaho, presents a compelling investment opportunity. Currently under construction and slated for completion within 120 days, this property boasts nine newly built homes situated on a tranquil, private location. The portfolio comprises nine individual buildings, each a single-story structure. The homes are strategically positioned near Middleton's highly-rated schools, two of which are within walking distance, offering a significant advantage for potential tenants. Middleton's low crime rate and high rental values, coupled with low vacancy factors, contribute to a strong investment outlook. The projected monthly rental income is $13,250, based on a mix of unit types. Four lots feature two homes each, one with a two-bedroom, two-bathroom layout including a one-car garage (projected monthly rent: $1650), and the other a one-bedroom, one-bathroom unit with a loft (projected monthly rent: $1250). One lot contains a single one-bedroom, one-bathroom unit with a loft. All homes feature high-quality finishes, including luxury vinyl plank (LVP) flooring throughout, quartz countertops in the kitchens and bathrooms, and full tile surrounds in the bathrooms. Each unit also includes a covered exterior deck. This property is offered as a 1031 exchange opportunity, making it an attractive option for investors seeking tax-advantaged investment strategies. The asking price for this turnkey investment is $3,150,000. The address is 362 London St, Middleton, ID 83644.

Location Insight

City

Middleton

County

Canyon

State

Idaho

Longitude

-116.61

Latitude

43.7555