2406 Indiana Ave, Caldwell, ID 83605

This fee-simple owned, six-unit apartment building located at 2406 Indiana Ave, Caldwell, ID 83605, presents a compelling investment opportunity. Built in 1975 and renovated in 2000, this Class C multifamily property boasts a total of 9,720 square feet, with 4,080 square feet of net rentable space. The asking price is $890,000, translating to $91.56 per square foot and $148,333.33 per unit. Each unit is a one-bedroom, one-bathroom apartment featuring a full kitchen, living room, and washer/dryer hookups. Five of the six units have recently undergone upgrades, including new Hardiplank flooring and fresh paint within the last two years. The exterior of the building has also been freshly painted, and the roof was replaced in 2017. The property includes six off-street parking spaces and benefits from a full sprinkler system with irrigation water. Its convenient location is within walking distance of the College of Idaho, contributing to consistently high occupancy rates with minimal vacancy. The property's 9,720 square feet of air rights offer potential for future expansion or development. This is a turnkey investment ready for immediate income generation.