1217 S Michigan Ave, Boise, ID 83706

$800,000
10
BD
3
BA
3,791
SqFt
List Price
$800,000
Closing Date
Sep 16, 2022
Status
PENDING
MLS#
98854114
Bedrooms
10
Bathrooms
3
Sq. Ft
3,791
Garage Spaces
2
Land Size
10,890
Acres
0.25
County
Ada
Subdivision
South Boise
Year Built
1975
Price Per SqFt
$211
Age
31 - 50 Years
Days On Market
5

Property Description

Exciting investment opportunity one block to Boise State University. This unique "H-shaped" property was purchased and turned into a fraternity house and has a CUP (conditional use permit) for this use. This property is a single family home that is currently being utilized as a co-living building with 10 private bedrooms (comprised of 3 separate wings), 3 communal bathrooms, and communal kitchen/living/dining areas. Set on a prime ~.25-acre lot and currently zoned R-2D. The current nonconforming usage is great for easy and instant cash flow with tenants and property management company in place. Tenants each have a private bedroom (note: not all bedrooms have closets) and share common areas including the kitchen (fully furnished with appliances), living hall, bathrooms (each bedroom wing has a bathroom), and laundry facilities. This location is ideal for student/staff housing with campus just down the street.

Additional Information

Region
Boise SE
Land Use
Single Family
Living Area
3,791
Level
One
Roof
Composition
Construction
Brick
Fenced
Full, Metal, Wood
Lot Features
10000 SF - .49 AC, Garden, Sidewalks
Air Conditioning
Central Air
Heating
Forced Air, Natural Gas
Water
City Service
School District
Boise School District #1
Elementary School
Garfield
Middle School
East Jr
High School
Timberline
Taxes
$6,179
Tax Year
2021
Master Bedroom Level
Main
Master Bedroom Size
150
Bedroom 2 Level
Main
Bedroom 2 Size
187
Bedroom 3 Level
Main
Bedroom 3 Size
156
Bedroom 4 Level
Main
Bedroom 4 Size
144
Bedroom 5 Level
Main
Bedroom 5 Size
144
Kitchen Level
Main
Kitchen Size
144
Living Room Level
Main
Living Room Size
612

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Boise.