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    405 2Nd Mountain Home, ID 83647

    Sponsored
    For Sale
    $760,000

    Prime location, high occupancy, strong ROI.

    Property size:
    4,284 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents an eight-unit apartment building in the heart of Mountain Home, Idaho. Boasting a desirable location, this property offers a compelling blend of immediate income and significant value-add potential. The complex comprises two buildings: a larger seven-unit structure and a separate one-unit cottage, totaling 4,284 square feet. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $50,926, with a pro-forma NOI projected at $54,700, reflecting a 6.70% current cap rate and a projected 7.20% pro-forma cap rate. The asking price is $760,000, or $95,000 per unit. Built in 1895, the property underwent significant renovations in 2022, including a new roof, exterior paint, and most windows. Other recent improvements include a new electrical meter and main service panel (2020), new gutters (2022), and new exterior stairs (2024). Five of the eight units have been updated since 2020. The property features six parking spaces and is zoned C2. Its central location places it across from the newly renovated Towne Center Apartments, a block from Albertson's grocery store, and near Railroad Park and the Mountain Home Farmer's Market. Convenient access to I-84 and Mountain Home Air Force Base adds to its appeal. The property is being sold "as-is," with an available AAD inspection report. This is a rare chance to acquire a well-maintained, high-performing multifamily asset in a thriving Idaho community.

    Property Features for 405 2Nd

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,284 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1895/2022
    Buildings
    2
    Stories
    2
    Units
    8

    HighLights

    • Eight‑unit multifamily property with seven units in the main building and one in a detached cottage.
    • New electrical service installed in 2021.
    • New roof in 2020.
    • New windows installed in 2022.
    • Fresh exterior paint applied in 2022.
    • New gutters installed in 2022.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mountain Home
    County
    Elmore
    State
    Idaho
    Longitude
    -115.69532207608
    Latitude
    43.133795046651

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, high occupancy, strong ROI.
    Where is this multifamily property located?
    The property is located at 405 2Nd Mountain Home, ID.
    What is the asking price?
    The asking price for this property is $760,000.
    What are key features of this property?
    This property features: Eight-unit multifamily property with seven units in the main building and one in a detached cottage.; New electrical service installed in 2021.; New roof in 2020.
    Request Owner's contact information
    405 2Nd Mountain Home, ID 83647
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405 2Nd Mountain Home, ID 83647
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