442 Locust St Active Save Request In-Person Tour Request Virtual Tour
Twin Falls,ID 83301
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,576 sqft
Price per Sqft $169
Subdivision Calvert
MLS Listing ID 98942412
Bedrooms 9
HOA Y/N Yes
Year Built 1920
Annual Tax Amount $2,348
Tax Year 2024
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Apartment
Source IMLS 2
Property Description
Updates in 2024 featuring a new roof & gutters with gutter guards. Projected cap rate of 8% with room for updates & blue sky to push the cap to 10% or more!! Discover a rare opportunity to own a well-maintained 8-unit multifamily property in a high-demand neighborhood. Ideally located next to a beautiful community park and just minutes from local schools, this income-generating property is perfectly positioned to attract long-term tenants seeking convenience, comfort, and quality of life. This 8-plex is an excellent choice for investors seeking steady cash flow, low turnover, and long-term growth potential. Whether you're looking to expand your portfolio or secure a turnkey investment in a family-friendly area, this property is a must-see. Additional Multi-Family units available separately or combined at 145, 147, 149 Robbins Ave. Interior photos available upon request.
Location
State ID
County Twin Falls
Area Twin Falls - 2015
Zoning R4 Residential Med Dnsty
Direction S on Locust St,
Interior
Heating Forced Air,Natural Gas,Wall Furnace
Cooling Wall/Window Unit(s),All Units
Flooring Vinyl Sheet
Fireplace No
Appliance Stove/Range (All Units),Refrigerator (All Units)
Exterior
Fence Full,Wire
Community Features 5+ Units
Utilities Available Sewer Connected,Cable Connected
Roof Type Composition
Total Parking Spaces 12
Building
Lot Description 10000SF - .49,R.V. Parking
Faces S on Locust St,
Foundation Crawl Space
Water City Service
Structure Type Frame,Vinyl Siding
New Construction No
Schools
Elementary Schools Morningside
High Schools Twin Falls
School District Twin Falls School District #411
Others
Tax ID RPT05210000010
Ownership Fee Simple
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange