14 S Orchard St, Boise, ID 83705

$989,000
14
BD
7
BA
5,420
SqFt

Courtesy of West Real Estate Group

List Price
$989,000
Days on Market
15
Closing Date
Dec 27, 2022
Status
PENDING
MLS#
98863500
Region
Boise Bench
Bedrooms
14
Subdivision
Scotts Sub
Bathrooms
7
County
Ada
Sq. Ft
5,420
Garage Spaces
2
Year Built
1939
Acres
0.61
Age
1939

Property Description

This great income-producing property is currently being used as a transition home for men getting out of the correctional system. The property consists of 3 separate units. The main home has three levels with 6 bedrooms, 2 kitchens, 2.5 baths, and 11 beds. The upstairs apartment has a separate entrance. Additionally, there are also two duplexes on the property, both with 2 beds, 1 bath, and 1 kitchen for a total of 8 beds. The tenants are on a month-to-month rental agreement, and each bed is $550 a month. Many of the tenants choose to stay at home for a year or even longer (5 tenants have been there for over three years with no plans to move). The property has 24 beds available, and 18 are currently occupied. The seller has offered to help aid in the transition of the new ownership after the closing if desired. However, should the buyer not want to continue to run this type of program, they can switch over to a traditional rental, as all tenants are on month-to-month contracts.

Additional Information

Land Use
5+ Units
Living Area
5,420
Garagetype
Two Car, Carport, Detached
Roof
Composition
Construction
HardiPlank Type
Fenced
Full, Partial
Lot Features
1/2 - .99 Acre, Bus on City Route
Air Conditioning
Wall/Window Unit(s)
Heating
Electric, Forced Air, Natural Gas
Water
City Service
Electric
8554, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter, Unit 5 Separate Meter, Unit 6 Separate Meter
Gas
Unit 3 Separate Meter, Unit 4 Separate Meter, Unit 5 Separate Meter, Unit 6 Separate Meter
School District
Boise School District #1
Elementary School
Jefferson
Middle School
South Boise Jr
High School
Borah
Taxes
$7,516
Tax Year
2021
Parcel Number
R7777800170
Gross Operating Income
125400


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