Meridian, ID 83642 1297 W Pine Ave. Building G
$999,500
0 more
Presented By: Silvercreek Realty Group
Beds • 8
Baths • 2
SQFT • 3,812
Home Details
This fully rented 4-plex is a prime investment opportunity in a highly sought-after location. The property features four 2-bedroom, 2-bathroom units, all professionally managed by a local property management company. Each unit boasts modern interiors along with spacious rooms filled with natural light. Tenants enjoy the convenience of in-unit washers, dryers, freestanding oven/ranges, and refrigerators. Situated minutes from downtown Meridian and with easy access to the interstate, this 4-plex offers both long-term value and immediate rental income.
Presented By: Silvercreek Realty Group
Interior Features for 1297 W Pine Ave. Building G
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths8
Other Interior Features
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasher/Dryer Hookups (All Units)
General for 1297 W Pine Ave. Building G
AppliancesDisposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Assoc Fee Paid PerMonthly
Attached Garage No
Building Area UnitsSquare Feet
Cap Rate4.6
Carport Y/NNo
CityMeridian
Construction MaterialsFrame
CoolingCentral Air
CountyAda
Current Use2-4 Units
DirectionsN. Linder Ave., E. Pine Ave., S. at Tramore sign to property
Electric357, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter
Elementary SchoolMeridian
Elementary School DistrictWest Ada School District
Garage Y/NNo
Gross Income63566
HOANo
HOA Fee$260
HeatingElectric, Forced Air
High SchoolMeridian
High School DistrictWest Ada School District
Home Warranty Y/NNo
Land Lease Y/NNo
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet10454.4
Lot Size UnitsAcres
MLS AreaMeridian NW - 1030
Middle/Junior High SchoolMeridian Middle
Middle/Junior School DistrictWest Ada School District
Net Operating Income46028
New ConstructionNo
Number Of Units Total4
Operating Expense17538
OwnershipFee Simple
Property Attached Y/NNo
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
StatusActive
Subdivision NameTramore
Tax Annual Amount4513.64
Tax Year2024
Total Actual Rent5745
UtilitiesSewer Connected
Waterfront Y/NNo
Year Built2018
Zoning DescriptionCity of Meridian R-15
Exterior for 1297 W Pine Ave. Building G
Building Area Total3812
Lot Dimensions111x96
Lot FeaturesStandard Lot 6000-9999 SF, Irrigation, Sidewalks
Lot Size Acres0.24
Lot Size Area0.24
Open Parking Y/NNo
SpaNo
Total Parking4
Water SourceCity Service
Additional Details
Price History
Schools
Elementary School
Meridian Elementary School
Middle School
Meridian Middle
High School
Meridian High School
Jesus Yerena Delgado
Agent