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    439 Maple St Castleford, ID 83316

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    439 Maple St Castleford, ID 83316


    • Apartment buildings
    • 3,955 SF
    • 0.29 lot acres
    Off-Market

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    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 Estimations

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    Location Insight

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    • Local Demand
    City
    Castleford
    County
    Twin Falls
    State
    Idaho
    Longitude
    -114.874
    Latitude
    42.5213
    More about this property
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