405 N 2Nd E Mountain Home, ID 83647
Property profile & analytics
405 N 2Nd E Mountain Home, ID 83647
- Commercial real estate
- 0.22 lot acres
Property ID
US27-0816339
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 405 N 2Nd E
- Lot size
- 0.22 lot acres
- Property type
- Commercial real estate
- APN
- RPA009000A022AA
- APU
- RPA009000A022AA
Description
This exceptional investment opportunity presents an eight-unit apartment building in the heart of Mountain Home, Idaho. Boasting a desirable location, this property offers a compelling blend of immediate income and significant value-add potential. The complex comprises two buildings: a larger seven-unit structure and a separate one-unit cottage, totaling 4,284 square feet. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $50,926, with a pro-forma NOI projected at $54,700, reflecting a 6.70% current cap rate and a projected 7.20% pro-forma cap rate. The asking price is $760,000, or $95,000 per unit. Built in 1895, the property underwent significant renovations in 2022, including a new roof, exterior paint, and most windows. Other recent improvements include a new electrical meter and main service panel (2020), new gutters (2022), and new exterior stairs (2024). Five of the eight units have been updated since 2020. The property features six parking spaces and is zoned C2. Its central location places it across from the newly renovated Towne Center Apartments, a block from Albertson's grocery store, and near Railroad Park and the Mountain Home Farmer's Market. Convenient access to I-84 and Mountain Home Air Force Base adds to its appeal. The property is being sold "as-is," with an available AAD inspection report. This is a rare chance to acquire a well-maintained, high-performing multifamily asset in a thriving Idaho community.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mountain Home
- County
- Elmore
- State
- Idaho
- Longitude
- -115.696
- Latitude
- 43.1337
- CBSA code
- 34300
- CBSA name
- MOUNTAIN HOME, ID MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,598
$35,200
$59,324
$94,524
-
$35,200
$59,324
$94,524
