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Kory McCain

info@groundedrealty.com +1(208) 817-3006

Listed by Gregory Davis • KW Commercial

$ 650,000

Est. payment | -/mo

4 Beds

2 Baths

1,652 SqFt

Save

$ 650,000

Est. payment | -/mo

Save

4 Beds

2 Baths

1,652 SqFt

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 1,652 sqft

Price per Sqft $393

Subdivision Golden Gate Sub

MLS Listing ID 99000602

Bedrooms 4

HOA Y/N No

Year Built 1972

Annual Tax Amount $1,731

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Other

Source IMLS 2

Property Description

This is a business opportunity offering a transitional housing program to those exiting incarceration. If you are looking for residential income properties, consider this alternative. The program has space for 8 participants at a time. The offering includes the real estate (a 4 bed 2 bath 1652 sf home). Participants pay monthly participation fees of $600 per participant. $4,800 per month of income. Expenses average roughly $400-500 per month. $4,300-4,400 per month cash flow to owner ($51,600 per year). Compare this business opportunity to a residential investment property. This opportunity is offered at an equivalent to an 8%+/- cap rate. Assessed Value is $267,000.

Location

State ID

County Canyon

Zoning TN

Direction from I-84 take 10th Street S to Chicago Street. W on Chicago St then N on N 6th St to Denver. W on Denver to address.

Interior

Fireplace No

Exterior

Community Features Other

Total Parking Spaces 2

Building

Lot Description Standard Lot 6000-9999 SF

Faces from I-84 take 10th Street S to Chicago Street. W on Chicago St then N on N 6th St to Denver. W on Denver to address.

New Construction No

Schools

Elementary Schools Sacajawea

High Schools Caldwell

School District Caldwell School District #132

Others

Senior Community No

Tax ID R0208901500

Ownership Fee Simple

Schools and Properties Nearby

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+1(208) 817-3006

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518 E Denver Caldwell, ID 83605