439 Maple St Castleford, ID 83316
- Apartment buildings
- 3,955 SF
- 0.29 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 439 Maple St
- Year built
- 1982
- Lot size
- 0.29 lot acres
- Property size
- 3,955 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a well-maintained, four-unit apartment building located at 439 Maple St, Buhl, ID 83316, in Castleford, Twin Falls County. The property, built in 1982 and extensively renovated in 2020, boasts 3,955 square feet across two stories, situated on a 0.29-acre lot. The building features six parking spaces and is currently operating at 100% occupancy, providing immediate cash flow. The property is classified as a Class B multifamily investment, offering a stabilized 7.80% cap rate with a pro-forma cap rate of 8.60% reflecting projected 2024 rent increases. All units are covered under the HUD Section 8 housing program, guaranteeing consistent rental income and minimizing vacancy risk. Recent upgrades include new windows, roofs, paint, and sidewalks. The permitted zoning is residential. The asking price is $497,500. Note that this property is being sold in conjunction with another four-plex (321 Main St, Castleford, ID 83321) for a combined price of $995,000. Buyer must be approved for the HUD program and secure a HUD-approved manager or obtain self-management approval. The seller may elect to participate in an IRC Section 1031 exchange. Tenants should not be disturbed. The APN is RPC9501011003AA.
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
- Castleford
- County
- Twin Falls
- State
- Idaho
- Longitude
- -114.874
- Latitude
- 42.5213
