Meridian, ID 83642 3850 W Chair Lift Ln
$1,200,000
18 more
Presented By: Congress Realty, Inc - 888-881-4118
Beds • 12
Full/Half Baths • 2 / 1
SQFT • 7,060
Garage • 1
Home Details
This fully rented, prime investment property is just a few minutes from downtown Meridian and interstate 84. Each unit in this 4-plex features a spacious 1765 square feet that includes 3 bedrooms, 2.5 bathrooms and a one-car garage. The kitchen and living area have a modern look and feel. This building is part of the newer Entrata Farms community which features a clubhouse, swimming pool and a green space just in front of the building. Rents, plus the “smart-home package” currently produce $87,000 in gross income per year with a cap rate of over 5%. The HOA dues are $816/month for the whole 4-plex which includes the master insurance policy, trash, water, and maintenance for all common areas.
Presented By: Congress Realty, Inc - 888-881-4118
Interior Features for 3850 W Chair Lift Ln
Bedrooms
Total Bedrooms12
Bathrooms
Total Baths12
Other Interior Features
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Below Grade Finished Area Unit TypeSquare Feet
Heating Y/NYes
Laundry FeaturesWasher/Dryer Hookups (All Units)
General for 3850 W Chair Lift Ln
AppliancesDisposal (All Units)
Assoc Fee Paid PerMonthly
Building Area UnitsSquare Feet
Carport Y/NNo
CityMeridian
Construction MaterialsStucco
CoolingCentral Air
CountyAda
Current Use2-4 Units
DirectionsCross street: Franklin RD
Elementary SchoolChaparral
Elementary School DistrictWest Ada School District
FreeholdIDX
Garage Spaces1
Garage Y/NYes
Gross Income87000
HOA Fee$816
HeatingNatural Gas
High SchoolMeridian
High School DistrictWest Ada School District
LeasableAreaUnitsSquare Feet
Legal DescriptionLOT 12 BLK 02 ENTRATA FARMS SUB NO 01
Listing TermsCash
Living Area UnitsSquare Feet
Lot Size Square Feet6098.4
Lot Size UnitsAcres
MLS AreaMeridian SE - 1000
Middle/Junior High SchoolMeridian Middle
Middle/Junior School DistrictWest Ada School District
ModificationTimestamp2025-12-15T16:45:40.400Z
Net Operating Income24199
Number Of Units Total4
OwnershipFee Simple
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
Standard StatusActive
StatusActive
Subdivision NameNon Applicable
Tax Annual Amount5082
Tax Year2024
Total Actual Rent8770
UtilitiesSewer Connected
Year Built2021
Exterior for 3850 W Chair Lift Ln
Building Area Total7060
Covered Spaces1
Lot Dimensions70x84
Lot FeaturesSmall Lot 5999 SF
Lot Size Acres0.14
Lot Size Area0.14
Parking FeaturesOne Car
Total Parking1
Water SourceCity Service
Additional Details
Price History
Schools
High School
Meridian High School
Elementary School
Chaparral Elementary School
Jesus Yerena Delgado
Agent
ES 
EN