901 Illinois Ave Caldwell, ID 83605
- Apartment buildings
- 2.23 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 901 Illinois Ave
- Lot size
- 2.23 lot acres
- Property type
- Apartment buildings
Description
This exceptional 48-unit apartment building presents a compelling investment opportunity in Caldwell, Idaho. Located at 901 N Illinois Ave, this three-story property sits on a 2.23-acre lot and offers a compelling price per unit of $29,062.50, with an asking price of $1,395,000. The building boasts a well-appointed design and ample parking, catering to tenant needs and promoting high occupancy rates. Its convenient location offers easy freeway access and a short commute, enhancing tenant retention. The property is within walking distance of Luby Park and minutes from Indian Creek Plaza, providing residents with access to local amenities and recreational opportunities. The property benefits from completed civil drawings, streamlining any potential future development or renovation plans. An additional ±0.17-acre parcel is available for inclusion in the sale, adding further value to this already attractive investment. This property is situated in the award-winning downtown Caldwell area, a testament to its desirability and potential for strong rental income. The strategic location and well-designed building combine to create a highly sought-after multifamily investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Caldwell
- County
- Canyon
- State
- Idaho
- Longitude
- -116.678
- Latitude
- 43.6771
