Fully Leased Multi-Family Investment Property

600-660 Virginia Street, New Meadows, ID 83654

  • For Sale $4,200,000
  • Property Type Multi-Family
  • Property Size 16,640 SF
  • Units 16
  • Date Updated Apr 9, 2024
600, 620, 640, & 660 Virginia St16 unit “Heartland Apartments” in New Meadows now fully leased. 100% leased newly constructed fourplexes in the heart of New Meadows. Only a 15 minute drive to downtown McCall, and with demand for housing in the surrounding area increasing, these apartments are an incredible investment opportunity. One unit offers 2 beds and 1.5 baths that is compliant with ADA laws and regulations. The other 15 units are 1,040 sf, 2 beds, 2 baths making the primary bedroom an en-suite. All units have a washer and dryer with full kitchens including a refrigerator and a dishwasher. Large windows give each unit plenty of natural light and include a sliding glass door to access the patio. Contact agent for due diligence.

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Highlights

  • Property Type: Multifamily
  • Cap Rate: 4.8%
  • NOI: $203,333.25
  • Year Built: 2023
  • Stories: 2
  • Price/Unit: $262,500
  • Subtype: Apartment Building
  • Occupancy Date: 11/22/2023
  • Units: 16
  • Buildings: 4
  • Parking (per unit): 8

Contacts

broker

Jacob Bottles

Mark Bottles Real Estate Services

(208) 949-8911

Location

Getting Around

  • Walk Score ®

    19/100 Car-Dependent

  • Bike Score ®

    40/100 Somewhat Bikeable
Powered by Walk Score ®
  • City New Meadows, ID
  • Neighborhood New Meadows
  • Zip Code 83654

Points of Interest

  • Chevron

    0.15 miles

  • Chevron

    9.73 miles

  • Maverik

    9.86 miles

  • Shell

    9.95 miles

  • Gordon Titus Parking Area

    5.83 miles

  • Hartland Inn

    0.14 miles

  • Brundage Motel

    8.23 miles

  • Shore Lodge

    8.74 miles

  • Hotel McCall

    9.79 miles

  • Rustic Inn

    9.95 miles

  • Third Street Inn

    10.00 miles

  • Subway

    0.11 miles

  • Turning Point A & W

    0.16 miles

  • Front Porch Pizza

    0.17 miles

  • Brundage Mountain Lodge

    6.52 miles

  • The Bear's Den

    6.70 miles

  • Pueblo Lindo Family Mexican Restaurant

    8.22 miles

  • (closed)

    8.37 miles

  • Lardo's Grill and Saloon

    8.67 miles

  • Alpine Pantry

    8.88 miles

  • Crusty's Pizza

    9.73 miles

  • Meadows Valley Elementary School

    0.47 miles

  • Meadows Valley Junior-Senior High School

    0.49 miles

  • McCall Seventh-Day Adventist Christian School

    6.08 miles

  • McCall-Donnelly High School

    9.65 miles

Frequently Asked Questions

What is the lease rate for Fully Leased Multi-Family Investment Property?

Rental asking rate at Fully Leased Multi-Family Investment Property is $2,100,000.00/YR.

What is the total square footage of Fully Leased Multi-Family Investment Property?

Fully Leased Multi-Family Investment Property totals 16,640 square feet.

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Contact Listing Broker

broker

Jacob Bottles

Mark Bottles Real Estate Services

(208) 949-8911