Meridian, ID 83646 2985 N Meridian Rd Bldg H
$1,150,000
Presented By: Silvercreek Realty Group
Beds • 11
Baths • 2
SQFT • 4,607
Garage • 1
Home Details
This fully occupied 4-plex in Maddyn Village is a fantastic investment opportunity in a highly desirable location. The property includes two 3-bedroom, 2-bath units and two 2-bedroom, 1.5-bath units, all featuring modern interiors with granite countertops, a breakfast bar, and spacious, light-filled rooms. Each unit comes equipped with a washer, dryer, freestanding oven/range, and refrigerator for tenant convenience. Parking is plentiful, with one covered space per unit and additional uncovered spots available. Professionally managed by a local property management company, this property is situated across from Settlers Park, near The Village, and offers easy access to the interstate. With reliable rental income and a prime location, this 4-plex is an excellent addition to any investment portfolio.
Presented By: Silvercreek Realty Group
Interior Features for 2985 N Meridian Rd Bldg H
Bedrooms
Total Bedrooms11
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 2985 N Meridian Rd Bldg H
AppliancesDisposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Assoc Fee Paid PerAnnually
Attached Garage No
Building Area UnitsSquare Feet
Cap Rate4.6
Carport Y/NYes
CityMeridian
Construction MaterialsFrame, Stone, Wood Siding
CoolingDuctless/Mini Split
CountyAda
Current Use2-4 Units
DirectionsFairview Ave, N Meridian Rd, W on street after Sedgewick Dr
Electric533, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter
Elementary SchoolRiver Valley
Elementary School DistrictWest Ada School District
Garage Spaces1
Garage Y/NYes
Gross Income73476
HOANo
HOA Fee$3846
HeatingDuctless/Mini Split
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 Feet6098.4
Lot Size UnitsAcres
MLS AreaMeridian NW - 1030
Middle/Junior High SchoolMeridian Middle
Middle/Junior School DistrictWest Ada School District
Net Operating Income55030
New ConstructionNo
Number Of Units Total4
Operating Expense18446
OwnershipFee Simple
Property Attached Y/NNo
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
StatusActive
Subdivision NameMaddyn Village
Tax Annual Amount6220.62
Tax Year2024
Total Actual Rent6534
UtilitiesSewer Connected
Year Built2018
Exterior for 2985 N Meridian Rd Bldg H
Building Area Total4607
Covered Spaces1
Foundation DetailsCrawl Space
Lot FeaturesStandard Lot 6000-9999 SF, Irrigation, Sidewalks
Lot Size Acres0.14
Lot Size Area0.14
Open Parking Y/NNo
Parking FeaturesOne Car, Carport, Detached
SpaNo
Total Parking8
Water SourceCity Service
WaterfrontY/NNo
Additional Details
Price History
Schools
Elementary School
River Valley Elementary School
Middle School
Meridian Middle
High School
Meridian High School
Jesus Yerena Delgado
Agent