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Chase Bungalows 307 N 9th St

12 Unit Apartment Building $1,511,880 CAD ($125,990 CAD/Unit) 5.69% Cap Rate Payette, ID 83661

Executive Summary

PRICE REDUCED AGAIN! Fulfill your 1031 exchange or cashflow investment goals all in one property. You can own a piece of history as well as a fantastic stabilized investment opportunity. A lovely 2 bedroom townhome, ten classic, always rented apartments with a majestic brick home on the National Historical Register. The David C. Chase Home, built with style in 1893, features stained glass, a turret with weather vane, pristine woodwork, staircases and banisters are intact. This fine home can be your residence, several offices, a bed and breakfast, event center, restaurant, or whatever you have always wanted. The chase house is approximately 2941 sf on two levels plus a small unfinished basement area and an unfinished attic loft space. There are nine 1 bed/1 bath apartments, one 2 bed/1 bath apartment and one 2 bed/1.5 bath Townhome (two story separate building) all located on half an acre with majestic trees and endless possibilities.

Property Facts

Price $1,511,880 CAD
Price Per Unit $125,990 CAD
Sale Type Investment
Cap Rate 5.69%
Sale Conditions 1031 Exchange
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.50 AC
Building Size 7,619 SF
Average Occupancy 92%
No. Stories 3
Year Built/Renovated 1893/2017
Parking Ratio 1.58/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 9 - -
2+1 1 - -
2+1.5 1 - -
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code MF
MF
  • Listing ID: 32395946

  • Date on Market: 2024-07-09

  • Last Updated:

  • Address: 307 N 9th St, Payette, ID 83661

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