1305 Ponderosa St McCall, ID 83638
- Apartment buildings
- 644 SF
- 2.12 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1305 Ponderosa St
- Year built
- 1972
- Lot size
- 2.12 lot acres
- Property size
- 644 SF
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity presents a 17-unit apartment building situated on a 2.124-acre lot in the desirable McCall, Idaho area. The property, known as The Timbers Rental Condominiums, comprises three buildings constructed in 1972, featuring a mix of single and two-story units ranging from 644 to 878 square feet. Currently boasting 100% occupancy and a strong rental history with long-term tenants, this property offers a compelling value-add proposition. The buildings benefit from new roofs installed in 2019, and various unit upgrades have been implemented over the past 15 years. Each building includes convenient pay laundry facilities for residents. A separate maintenance building is also on-site. The property features open parking and there is potential for additional building on excess land (buyer to verify). The property's strong financial performance is reflected in its pro-forma NOI of $156,754 and a pro-forma cap rate of 4.24%. The asking price is $3,699,000, representing a price per unit of $217,588.24. This is an ideal opportunity for investors seeking a well-located, income-producing asset with significant upside potential in a thriving Idaho mountain community. The address is 1305 Ponderosa St, McCall, ID 83638.
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
- McCall
- County
- Valley
- State
- Idaho
- Longitude
- -116.087
- Latitude
- 44.9135
