650 N Arthur Avenue  Pocatello, Idaho

OFF THE MARKET
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MLS #566364

Status
OFF THE MARKET

 

Property Description

Cash making machine 7% Cap rate. PLEASE DO NOT DISTURBE TENNANTS, CALL AGENT. Apartment 1 685$ 40-50 under priced. Month to month Apartment 2 685$ 20$ under priced. 9months Apartment 3 650$ 35$ under priced. 9 Moth lease Apartment 4 585. 8 Moth lease Seller wants to move on to buy bigger complex. 2605 Total Rents -118.16 Taxes per month -156.00-200 water,sewer gas -80 Insurance (high) -gives 25$ per renter if they pay rent before the first. 2100.00-2251.00 Value adds: under rent in 3 of the apartments. 1. 40-50/,pmtj 2. 20 3. 35 95 A moth=14250 value add Room for storage units In back 3=175month. Retail=26,250 The basements are not part of the rent $ 30-40 A month Could charge for parking 50-100 a month (for non street side parking in back) Last time the add for the apartment was ran for 3 days we have over 40 applications. Almost 0 vaccines over a 10 year period, Long live applications zero cost to fill! Have had long term tenants in these apartments. Some 3,5,7 years. Near major call center Train hub and R&R hub, downtown stores. 1.5 miles away from ISU Major Essential businesses business Amd Simplot Costco Amy's kitchen Fbi Builidng Etc, Disclaimers Upgrade c buildings which regularly attracted b retees duo to upgrades and location Possible buyout by restaurant du to commercial zoning status. Very high traffic area. Properties of apartments: 2 brand new units this year. High cathedral like ceilings. High end lighting

 

Disclaimer

This IDX listing is provided courtesy of eXp Realty LLC for personal, non-commercial use only. Information is deemed reliable but is not guaranteed to be accurate.