Meridian, ID 83642 1297 W Pine Ave Bldg K
$1,099,900
Pending
Presented By: Silvercreek Realty Group
Beds • 8
Baths • 12
SQFT • 4,182
Home Details
Fantastic investment opportunity! This 4-plex townhome-style property boasts a prime Meridian location. Each unit offers 2 bedrooms, 2.5 baths, modern finishes and a bright, airy interior. The spacious kitchen includes an oversized breakfast bar and walk-in pantry. Upstairs, two bedrooms feature ensuite bathrooms and large closets. Complete with appliances and blinds, all units are currently rented, ensuring immediate returns. Don't miss out on this turnkey investment with great rental potential!
Presented By: Silvercreek Realty Group
Interior Features for 1297 W Pine Ave Bldg K
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths12
Other Interior Features
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasher/Dryer Hookups (All Units)
Living Area UnitsSquare Feet
General for 1297 W Pine Ave Bldg K
AppliancesDisposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Assoc Fee Paid PerMonthly
Attached Garage No
Building Area UnitsSquare Feet
Buyer Agent Compensation2.5
Buyer Agent Compensation Type%
Cap Rate5.3
Carport Y/NNo
CityMeridian
Construction MaterialsFrame
CoolingCentral Air
CountyAda
Current Use2-4 Units
DirectionsN Linder Ave, E Pine Ave, S at Tramore sign to property
Electric0, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter
Elementary SchoolMeridian
Elementary School DistrictWest Ada School District
Garage Y/NNo
Gross Income73200
HOA260
HOA / Comm AssnNo
HeatingElectric, Forced Air
High SchoolMeridian
High School DistrictWest Ada School District
Home Warranty Y/NNo
Land Lease Y/NNo
Listing TermsCash
Lot Size Square Feet10454.4
MLS AreaMeridian NW - 1030
Middle/Junior High SchoolMeridian Middle
Middle/Junior School DistrictWest Ada School District
Net Operating Income58627
New ConstructionNo
Operating Expense14573
Percent OwnershipFee Simple
Property Attached Y/NNo
Property SubTypeQuadruplex
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
StatusPending
Street NamePine Ave Bldg K
Subdivision NameTramore
Tax Annual Amount5310.82
Tax Year2023
Total Actual Rent6100
Total Units4
UtilitiesSewer Connected
Waterfront Y/NNo
Year Built2018
Zoning DescriptionCity of Meridian-R-15
Exterior for 1297 W Pine Ave Bldg K
Building Area Total4182
Lot Features10000SF - .49, Irrigation, Sidewalks
Lot Size Acres0.24
Lot Size Area0.24
Lot Size UnitsAcres
Open Parking Y/NNo
SpaNo
Total Parking4
Water SourceCity Service
Additional Details
Price History
Schools
Elementary School
Meridian Elementary School
Middle School
Meridian Middle
High School
Meridian High School
Jadon Webb
REALTOR®