Tbd Bighorn Payette, ID 83661
- Apartment buildings
- 3,720 SF
- 0.34 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 0 Tbd Bighorn
- Year built
- 2024
- Lot size
- 0.34 lot acres
- Property size
- 3,720 SF
- Property type
- Apartment buildings
Description
This exceptional 4-unit apartment building in Payette, Idaho's Big Sky subdivision presents a compelling investment opportunity. Scheduled for completion in October 2024, this newly constructed, two-story building boasts 3,720 square feet on a 0.34-acre lot. Each of the four units features two bedrooms and two bathrooms, complete with washer/dryer hookups, LVP flooring, and kitchens equipped with gas stoves and dishwashers. Ample parking is provided via a four-place carport. All utilities are tenant-paid, contributing to strong cash flow. The property offers a compelling cap rate of 8.62% and a net operating income (NOI) of $67,200, with an asking price of $780,000 ($195,000 per unit and $209.68 per square foot). Currently vacant, the property is poised for immediate occupancy upon completion. This development is part of a larger project, surrounded by five similar buildings, indicating strong potential for future appreciation in a high-demand affordable housing market. The building is offered fee simple. While the final finishes may vary slightly from the illustrative photos, this property represents a solid investment in a thriving Idaho community.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Payette
- County
- Payette
- State
- Idaho
- Longitude
- -116.934
- Latitude
- 44.0782
