2251 South Pond Street

Boise, ID 83705

$3,125,000
Price
Beds
14,592 Sq. Ft.
$214 / Sq. Ft.
14,592
Sq. Ft.
$214
per Sq. Ft.

Description

The Pond Street Apartments have been lovingly updated over the past 5 years (all units). The updates also included new TPO roofs on each building, new asphalt parking lot, and some updated zero-scape in areas of the property as well as new fencing, and much more. Interior updates included paint, flooring, some HVAC updates, and remodeled kitchens and bathrooms. Many units are renting at $1,600+ per month and many that were leased near the beginning of the renovations are rented for less than $1,200...The Pond Street Apartments have been lovingly updated over the past 5 years (all units). The updates also included new TPO roofs on each building, new asphalt parking lot, and some updated zero-scape in areas of the property as well as new fencing, and much more. Interior updates included paint, flooring, some HVAC updates, and remodeled kitchens and bathrooms. Many units are renting at $1,600+ per month and many that were leased near the beginning of the renovations are rented for less than $1,200 giving a buyer the opportunity to quickly raise rents on those that are under market as leases renew without requiring much additional investment from the buyer. Buyer may implement a RUBS charge to further increase income and recoup utility cost for water, sewer, and trash.
  1. Listed by Gregory Davis • KW Commercial

Amenities

  • Air Conditioning
  • Common Outdoor Space
  • Forced Air
  • Parking Included
  • Parking Lot
  • Washer / Dryer in Unit

Location

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LISTING UPDATED: 04/24/2024 04:21 PM

Property Details for 2251 South Pond Street

StatusPending
MLS #98902895
Days on Market43
Taxes$29,495 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1974
CountyAda County

Location

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Building Information for 2251 South Pond Street

Building/Complex2251 S Pond StFloor-Stories-Residences16Pet Policy-Year Built1974Building Size-

Payment Calculator

$19,512 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,054

Property Taxes

$2,458

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2251 South Pond Street

Summary
Location and General Information
  • Accessibility Features: Handicap Parking
  • Zoning Description: R-2
Taxes and HOA
  • Tax Legal Description: Multiple--see attached exhibit for full legal
  • Tax Year: 2023
  • Parcel Number: R1580500112, R1580500121, R1580500115, R1580500118
School Information
  • Elementary School: Hillcrest
  • Elementary School District: Boise School District #1
  • HighSchool: Borah
  • HighSchool District: Boise School District #1
  • Middle Or Junior School: South Boise Jr
  • Middle Or Junior School District: Boise School District #1
Parking
  • Parking Total: 34
Property
Lot Information
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Building Area Total: 14592.0
  • Building Area Units: Square Feet
  • Farm Land Area Units: Square Feet
  • Living Area: 14592.0
  • Living Area Units: Square Feet
  • Lot Features: 1 - 4.99 Acres, Sidewalks
  • Lot Size Acres: 1.06
  • Lot Size Area: 1.06
  • Lot Size Square Feet: 46173.6
  • Lot Size Units: Acres
Property and Assessments
  • Documents Available: Lead Based Paint Discl
  • Photos Count: 27
  • Year Built: 1974
Utilities
  • Utilities: Sewer Connected
  • Water Source: City Service
Interior and Exterior Features
Exterior Features
  • Construction Materials: Frame, Other, Stucco
  • Fencing: Partial, Wood
  • Roof: Other
Interior Features
  • Appliances: Disposal (Some Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
  • Cooling: Central Air, All Units
  • Cooling Available: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Washer/Dryer Hookups (All Units)
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
Income & Expenses Information
  • Gross Income: 265477.0
  • Net Operating Income: $180,716.00
  • Operating Expense: $84,761.00

Property History for 2251 South Pond Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2251 South Pond Street

Taxable ValueLand$196,500Additions$575,700Total$772,200
Tax Record2022$6,186 ($515 / month)
Home Facts
Total Finished SqFt3,648 SqFtAbove Grade Finished SqFt3,648 SqFtStories2Lot Size8,102 SqFtStyleQuadraplexYear Built1974ZoningR-2CountyADAAPNR1580500121

Schools near 2251 South Pond Street

This home is within Boise Independent District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 9
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Hillcrest Elementary School
PublicPK to 6

South Junior High School
Public7 to 9

Borah Senior High School
Public9 to 12

Dennis Prof-Tech Center
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Commercial

Based on information from one of the following Multiple Listing Services: Sun Valley Board of REALTORS®, Intermountain MLS, Mountain Central Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Sun Valley Board of REALTORS®, Intermountain MLS, Mountain Central Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.