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111 Adams St - Seller Financing | Duplex + 5-Space MHP 7 Unit Apartment Building Offered at $1,027,513 CAD at a 6.79% Cap Rate Horseshoe Bend, ID 83629
Investment Highlights
- Assumable Seller Financing Available (Subject to Approval)
- In-Place Cap Rate: 6.83%
- $9,600+ Annual Rent Upside
- 7 Income Streams on 0.80 Acres
- Market Cap Rate: 8.04%
Executive Summary
Assumable Seller Financing | Duplex + 5-Space Mobile Home Park (7 Income Streams)
Duplex and five-space mobile home / manufactured housing property located in Horseshoe Bend. Assumable seller financing available (subject to approval).
PROPERTY OVERVIEW
Seven income streams on approximately 0.80 acres:
• Duplex – (2) 2 bed / 1 bath units (built 2002)
• Five mobile home spaces
– (2) Park-owned homes (home + pad rent)
– (3) Tenant-owned homes paying lot rent
CURRENT PERFORMANCE
• Effective Gross Income (2% vacancy): $67,561
• Net Operating Income: $50,896
• Cap Rate at list price: 6.79%
Vacancy has historically been minimal, with very short turnover periods between tenants and several multi-year residents in place.
UPSIDE OPPORTUNITY
Several long-term tenants are below current market rent.
Documented rent upside of approximately $9,600+ annually as leases renew.
• Projected Gross Income at market rents: $78,600
• Projected NOI: $60,362
• Projected Cap Rate: 8.05%
LOCATION
Located approximately 30 minutes north of Boise via Highway 55. Several current tenants commute to Boise and the greater Treasure Valley.
UTILITIES & OPERATIONS
• City water and sewer
• Separately metered electricity
• On-site irrigation well
• Straightforward management
Assumable seller financing available (subject to approval).
Full financials and rent roll available upon request.
Duplex and five-space mobile home / manufactured housing property located in Horseshoe Bend. Assumable seller financing available (subject to approval).
PROPERTY OVERVIEW
Seven income streams on approximately 0.80 acres:
• Duplex – (2) 2 bed / 1 bath units (built 2002)
• Five mobile home spaces
– (2) Park-owned homes (home + pad rent)
– (3) Tenant-owned homes paying lot rent
CURRENT PERFORMANCE
• Effective Gross Income (2% vacancy): $67,561
• Net Operating Income: $50,896
• Cap Rate at list price: 6.79%
Vacancy has historically been minimal, with very short turnover periods between tenants and several multi-year residents in place.
UPSIDE OPPORTUNITY
Several long-term tenants are below current market rent.
Documented rent upside of approximately $9,600+ annually as leases renew.
• Projected Gross Income at market rents: $78,600
• Projected NOI: $60,362
• Projected Cap Rate: 8.05%
LOCATION
Located approximately 30 minutes north of Boise via Highway 55. Several current tenants commute to Boise and the greater Treasure Valley.
UTILITIES & OPERATIONS
• City water and sewer
• Separately metered electricity
• On-site irrigation well
• Straightforward management
Assumable seller financing available (subject to approval).
Full financials and rent roll available upon request.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,027,513 CAD | Property Type | Multifamily |
| Price Per Unit | $146,788 CAD | Lot Size | 0.80 AC |
| Sale Type | Investment | Building Size | 3,700 SF |
| Cap Rate | 6.79% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.88 | No. Stories | 1 |
| No. Units | 7 | Year Built | 2002 |
| Price | $1,027,513 CAD |
| Price Per Unit | $146,788 CAD |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| Gross Rent Multiplier | 10.88 |
| No. Units | 7 |
| Property Type | Multifamily |
| Lot Size | 0.80 AC |
| Building Size | 3,700 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2002 |
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Presented by
Chet Pipkin
111 Adams St - Seller Financing | Duplex + 5-Space MHP
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