nvestment properties 3 properties, boise id...pest control $ 500.00 property insurance $ 1,088.64...
TRANSCRIPT
INVESTMENT PROPERTIES
1This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
3 PROPERTIES, BOISE ID
INVESTMENT PROPERTIES
2This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
3 PROPERTIES, BOISE ID
INVESTMENT PROPERTIES
3This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproduced in whole or in part without prior written consent.
3 PROPERTIES, BOISE ID
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
INVESTMENT PROPERTIES
4This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
1509 W. Jefferson St.
300 N. 16th St.
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
1512 W. Bannock St.
3 PROPERTIES, BOISE ID
INVESTMENT PROPERTIES
5This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
3 PROPERTIES, BOISE ID
Mark Bottles Real Estate Services proudly presents an investment opportunity for three downtown Boise properties in one of the fastest growing markets in the country.
The buildings have a strong track record of tenancy, have been cared for by the same owner of 16 years, and provide a rare value-add opportunity in the ultra-competitive stabilized multi-family space. The ease of access to Downtown Boise and I-84 puts residents minutes from the best restaurants, retail stores, medical facilities, and many other amenities which surround the subject properties.
We are proud to bring this asset to market through a Call for Offers. All offers are due by June 6, 2019. This asset will not last long, so please register to attend one of the open house showing times set forth below!
ALL OPEN HOUSE ATTENDEES MUST PRE-REGISTER BY EMAILING EMILY MUELLER [email protected]
Open House – Showing TimesThursday May 23: 11 am – 2 pmWednesday May 29: 11 am – 2 pm
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
SUMMARY
INVESTMENT PROPERTIES
6This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
3 PROPERTIES, BOISE ID
4 4
SUMMARY HIGHLIGHTS
• Opportunely located in the heart of downtown Boise.
• Significant value-add potential through remodels and upgrades
• Promising buy-and-hold opportunity in an area with rapidly rising property values and rent rates.
• C-2DD zoning allows for redevelopment projects of up to 43.5 units per acre
• See pages 8-11 for financials.
Addresses: 300 N 16th Street1512 W Bannock Street1509 W Jefferson StreetBoise, Idaho 83702
Property Descriptions: See Page 7
Asking Price: Call for Offers
Seller reserves right to accept, reject, or negotiate any offer at any time. Can sell
prior to deadline
All terms/offers will be presented
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
INVESTMENT PROPERTIES
7This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
3 PROPERTIES, BOISE ID
Address/Parcel #/Legal Year Building Acres Zoning
Built Size
300 N 16th Street 1947 7,824 .42 City of Boise-C-2/DD
R1013008031
LOTS 1 TO 3 INC BLK 121 B C O T
1512 W Bannock Street 1915 2,210 .14 City of Boise-C-2/DD
R1013008046
LOT 4 BLK 121 B C O T #9053979
1509 W Jefferson Street 1900 3,864 .23 City of Boise-C-2/DD
R1013008076
LOT 10 W 35 FT OF LOT 11 BLK 121 B C O T #8245289
PROPERTY DESCRIPTIONS
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
INVESTMENT PROPERTIES
8This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
3 PROPERTIES, BOISE ID
2018 Financials
1512 W Bannock StRent Revenue $ 34,187.25
Expenses
Electricity $ 2,241.37
Heat $ 458.55
Labor $ 500.00
Lawn Care $ 180.00
Pest Control $ 2,800.00
Property Insurance $ 825.93
Prof. Fees $ 143.10
Repairs $ 1,520.44
Sewer & Trash $ 931.67
Property Tax $ 5,780.79
Water $ 400.41
Other $ 971.52
Total Expenses $ 16,753.78
Net Income $17,433.47
300 N 16th St
Rent Revenue $ 74,670.00
Expenses
Electricity $ 710.63
Heat $ 1,876.17
Labor $ 1,925.50
Lawn Care $ 470.00
Pest Control $ 500.00
Property Insurance $ 1,088.64
Prof. Fees $ 469.97
Repairs $ 5,426.94
Sewer & Trash $ 3,560.28
Property Tax $ 13,652.80
Water $ 1,144.61
Total Expenses $ 30,825.54
Net Income $43,844.46
1509 W Jefferson St
Rent Revenue $ 59,825.00
Expenses
Electricity $ 6,230.89
Heat $ 2,705.05
Labor $ 4,252.50
Lawn Care $ 300.00
Pest Control $ 500.00
Property Insurance $ 1,088.64
Prof. Fees $ 469.97
Repairs $ 2,238.13
Sewer & Trash $ 1,903.78
Property Tax $ 8,721.72
Water $ 978.00
Total Expenses $ 29,388.68
Net Income $30,436.32
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
INVESTMENT PROPERTIES
9This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
3 PROPERTIES, BOISE ID
2019 Financials as of March 6, 2019
300 N 16th St
Rent Income $ 14,755.00
Expenses
Electricity $ 113.53
Heat $ 549.90
Labor $ 475.00
Repairs $ 631.71
Sewer & Trash $ 614.44
Property Tax $ 115.35
Water $ 202.75
Total Expenses $ 2,702.68
Net Income $ 12,052.32
1509 W Jefferson St
Rent Income $ 11,580.00
Expenses
Electricity $ 1,031.55
Heat $ 1,394.80
Labor $ 475.00
Repairs $ 525.35
Sewer & Trash $ 298.55
Property Tax $ 115.35
Water $ 93.29
Total Expenses $ 3,933.89
Net Income $ 7,646.11
1512 W Bannock St
Rent Income $ 6,988.00
Expenses
Electricity $ 388.78
Heat $ 781.22
Labor $ 130.00
Pest Control $ 693.00
Repairs $ 1,424.15
Sewer & Trash $ 179.71
Water $ 46.43
Telephone $ 522.18
Total Expenses $ 3,643.29
Net Income $ 3,344.71
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
INVESTMENT PROPERTIES
10This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
3 PROPERTIES, BOISE ID
Rent Rolls
1512 W Bannock St
Unit # Monthly Rent Rate
1 $ 550.00
2 $ 375.00
3 $ 365.00
4 $ 375.00
5 $ 540.00
6 $ 350.00
7 $ 325.00
8 $ 325.00
Monthly Income $ 3,205.00
Annual Income $ 38,460.00
300 N 16th St
Unit # Monthly Rent Rate
1 $ 600.00
2 $ 700.00
3 $ 665.00
4 $ 700.00
5 $ 620.00
6 $ 630.00
7 $ 710.00
8 $ 700.00
9 $ 665.00
10 $ 575.00
Monthly Income $ 6,565.00
Annual Income $ 78,780.00
*These numbers assume full capacity and do not account for vacancy
1509 W Jefferson St
Unit # Monthly Rent Rate
1 $ 535.00
1b $ 440.00
2 $ 460.00
3 $ 430.00
3a $ 360.00
3b $ 340.00
3c $ 360.00
3d $ 325.00
4 $ 365.00
5 $ 375.00
6 $ 345.00
7 $ 525.00
8 $ 465.00
Monthly Income $ 5,325.00
Annual Income $ 63,900.00
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
INVESTMENT PROPERTIES
11This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
3 PROPERTIES, BOISE ID
2018 Assessed Values
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
Assessed value
300 N 16th Street: $920,100
1512 W Bannock Street: $387,100
1509 W Jefferson Street: $592,200
INVESTMENT PROPERTIES
12This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
3 PROPERTIES, BOISE ID
Boise MSA Area Overview
Boise Metro PopulationThe Boise Metro area is home to approximately 710,000 people (U.S. Census Bureau, Population Estimates Program) and a workforce of 346,000 within a 45-minute draw of Boise. The average commute time is 22 minutes.
Commuting in the Treasure ValleyThe major interstate serving the Treasure Valley is I-84, running through the metro area’s major cities Boise, Meridian, Kuna, Nampa and Caldwell. Daily commutes are easy for the Valley’s population Hwy 20/26, and SH 21, 44 and 55 providing access. ValleyRideand ACHD Commuteride offer public transportation throughout the Treasure Valley.
Cost of LivingThe Boise Metro Area is consistently ranked by Forbes, The Wall Street Journal, and Inc. Magazine as one of the best places in the U.S. to live and work. Based on averages for housing, utilities, health care, transportation, groceries, and other services, Idaho’s cost of living is one of the lowest in the western states, according to the C2ER Cost of Living Index, Idaho’s Cost of Living is 92.5% of the national average.
Recreational Access The Boise Metro offers renowned hiking, fishing, water activities, mountain biking, and golf courses. The recreation opportunities within a 30 minute drive from Boise are virtually unlimited.
• Idaho has the most whitewater in the lower 48 states. • Boise Foothills have more than 200 miles of acclaimed hiking and mountain biking trails. • Bogus Basin Mountain Resort is 16 miles north of Downtown Boise with 2,600 acres of skiable terrain. • Nearly 2,000 acres of parks • 25-miles of greenbelt paths along the Boise River through 850 acres of parks • A new Boise River Park with two state-of-the-art waveshapers. • Kayaking, whitewater rafting, fly fishing and other water activities can be found throughout the Boise Valley and across the state on the Boise, Payette, Snake, and Salmon River systems.
• World-famous Sun Valley ski resort is only a three-hour ride to the northeast
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
INVESTMENT PROPERTIES
13This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
3 PROPERTIES, BOISE ID
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
CALL FOR OFFERS
14This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
3 PROPERTIES, BOISE ID
Call For Offers Terms
• All offers are due on or before June 6, 2019 at 5 pm MST.
• If an acceptable offer is received in advance of the date, Seller has the right to
accept the offer.
• Seller will review all offers received, and reserves the right to accept, reject, or
negotiate any offer.
• Seller will consider all terms.
• 2% cooperative broker commission will be paid to Buyer’s Agent.
• Submit all offers!
• BEST AND FINAL: Seller reserves the right to issue a “best and final” round of
offers to the highest bidders. Notification of such best and final round, including
the dates and terms thereof, will be provided to all selected bidders in writing.
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
CALL FOR OFFERS
15This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
3 PROPERTIES, BOISE ID
Mark Bottles Real Estate ServicesPhone: 208.377.5700
839 S. Bridgeway PlaceEagle, Idaho 83616
Mark BottlesCell: 208.866.2222Direct: 208.947.1075Fax: [email protected]
For more information please contact:
300 N 16th St, 1512 W Bannock St & 1509 W Jefferson St, Boise ID
Emily MuellerCell: [email protected]