1201 Elgin St Caldwell, ID 83605
- Commercial real estate
- 3,500 SF
- 4.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1201 Elgin St
- Lot size
- 4.00 lot acres
- Property size
- 3,500 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 4-acre parcel in Caldwell, Idaho, at 1201 E Elgin St. Currently featuring 13 older residential structures generating a gross monthly income of $19,900, the property is poised for significant growth. The site is in the final stages of city approval for a substantial redevelopment plan, encompassing the construction of eleven fourplex buildings and one duplex. Architectural renderings depict the proposed development, showcasing a modern and efficient design. The existing structures provide immediate cash flow while the approved subdivision plan offers a clear path to a substantial increase in value and rental income upon completion of the new construction. The 3,500 square foot lot offers ample space for the proposed development and potential future expansion. This property represents a rare chance to acquire a high-yield multifamily asset with significant upside potential in a rapidly growing Idaho market. The current income stream provides a strong foundation for investors seeking immediate returns and long-term appreciation. Detailed financial projections and development plans are available upon request. This is a turnkey opportunity for savvy investors looking to capitalize on the robust Caldwell real estate market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Caldwell
- County
- Canyon
- State
- Idaho
- Longitude
- -116.677
- Latitude
- 43.6672
