$3,125,000
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14,592 SqFt
SOLD DATE : 07/08/2024
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 14,592 sqft
Price per Sqft $214
Subdivision 0 Not Applic.
MLS Listing ID 98902895
Sold Date 07/08/24
HOA Y/N No
Originating Board IMLS 2
Year Built 1974
Annual Tax Amount $29,495
Tax Year 2023
Lot Size 1.060 Acres
Acres 1.06
Property Sub-Type Apartment
Property Description
The Pond Street Apartments have been lovingly updated over the past 5 years (all units). The updates also included new TPO roofs on each building, new asphalt parking lot, and some updated zero-scape in areas of the property as well as new fencing, and much more. Interior updates included paint, flooring, some HVAC updates, and remodeled kitchens and bathrooms. Many units are renting at $1,600+ per month and many that were leased near the beginning of the renovations are rented for less than $1,200 giving a buyer the opportunity to quickly raise rents on those that are under market as leases renew without requiring much additional investment from the buyer. Buyer may implement a RUBS charge to further increase income and recoup utility cost for water, sewer, and trash.
Location
State ID
County Ada
Area Boise Bench - 0400
Zoning R-2
Direction I-84 to Orchard. N on Orchard, E on Targee to Pond, S on Pond to address.
Interior
Heating Forced Air
Cooling Central Air, All Units
Fireplace No
Appliance Disposal (Some Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Laundry Washer/Dryer Hookups (All Units)
Exterior
Fence Partial, Wood
Community Features 5+ Units
Utilities Available Sewer Connected
Roof Type Other
Accessibility Handicap Parking
Handicap Access Handicap Parking
Total Parking Spaces 34
Building
Lot Description 1 - 4.99 Acres, Sidewalks
Faces I-84 to Orchard. N on Orchard, E on Targee to Pond, S on Pond to address.
Water City Service
Structure Type Frame,Other,Stucco
New Construction No
Schools
Elementary Schools Hillcrest
High Schools Borah
School District Boise School District #1
Others
Tax ID R1580500112, R1580500121, R1580500115, R1580500118
Ownership Fee Simple
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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