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Building 40 1805 E Overland Rd 4 Unit Apartment Building $1,352,409 CAD ($338,102 CAD/Unit) 4.67% Cap Rate Meridian, ID 83642
Investment Highlights
- Turnkey investment opportunity in a highly in-demand rental corridor.
- Offers steady rental demand.
- Close to local shopping hubs.
- Well-maintained fourplex located within the established Sagecrest community.
- Conveniently located just minutes from major transportation routes.
- Each unit features a functional split floor plan.
Executive Summary
A turnkey investment opportunity in one of Southeast Meridian's most in-demand rental corridors. This well-maintained fourplex sits within the established Sagecrest community, offering steady rental demand thanks to its prime location just minutes from I-84, Eagle Road, and the shopping, dining, and entertainment hubs of South Meridian. Each unit is designed for tenant appeal and low turnover, featuring functional split floor plans, full-size side-by-side washer/dryer, dishwasher, microwave, refrigerator, central air conditioning, and a private patio or balcony with extra storage.
Property Facts
| Price | $1,352,409 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $338,102 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 4.67% | Building Size | 3,380 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment | Parking Ratio | 2.07/1,000 SF |
| Zoning | L-O | ||
| Price | $1,352,409 CAD |
| Price Per Unit | $338,102 CAD |
| Sale Type | Investment |
| Cap Rate | 4.67% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 3,380 SF |
| No. Stories | 2 |
| Year Built | 2005 |
| Parking Ratio | 2.07/1,000 SF |
| Zoning | L-O |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 845 |
| 2+2 | 2 | - | 917 - 945 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R7689250520 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,120,888 CAD |
Property Taxes
Parcel Number
R7689250520
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,120,888 CAD
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Building 40 | 1805 E Overland Rd
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