Twin Falls, ID 83301,442 Locust St
Twin Falls, ID 83301,442 Locust St
Twin Falls, ID 83301,442 Locust St
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Listed by Aaron Miskin • Keller Williams Sun Valley Southern Idaho
$775,000
Est. payment /mo
9 Beds
8 Baths
4,576 SqFt
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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


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Intermountain MLS (IMLS)

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With over 25 years of experience serving the Treasure Valley, Lysi Bishop Real Estate sets the standard for real estate, and continues with our mission statement to 'Create Bigger Lives for All.'

+1(208) 472-5337

info@lysibishop.com

913 W River St Suite 200, Boise, ID, 83702

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442 Locust St