338 East State Avenue

Meridian, ID 83642

$585,900
Price
5
Beds
3
Baths
2,809 Sq. Ft.
$209 / Sq. Ft.
2,809
Sq. Ft.
$209
per Sq. Ft.

Description

Find this GEM in the HEART of "Old Town" Meridian! VERY unique property w/MANY options for future possibilities! Duplex w/additional open area being rented to a mobile mechanic for $600/mo. Zoned R-15 with "Opportunity zoning" (hold it for 7 years & no capital gains taxes if buy and hold investing occurs). Possible rezone to "Old Town" & get ZERO setbacks with commercial/residential mix + more lax vertical limits! Seller has a proforma that was put together by a real estate developer investment company...Find this GEM in the HEART of "Old Town" Meridian! VERY unique property w/MANY options for future possibilities! Duplex w/additional open area being rented to a mobile mechanic for $600/mo. Zoned R-15 with "Opportunity zoning" (hold it for 7 years & no capital gains taxes if buy and hold investing occurs). Possible rezone to "Old Town" & get ZERO setbacks with commercial/residential mix + more lax vertical limits! Seller has a proforma that was put together by a real estate developer investment company that can be found in the doc. NO HOAs! Roof: BRAND NEW in 2022 Unit 1: New LVP flooring throughout! Each room has new mini-splits, A huge 24' x 56' COVERED concrete pad w/storage space (Could be a master bed and bath turning this 2/1 into a 3/2.) Unit 2: New kitchen-int paint, pergo/laminate/hardwd floors, 3 bed 2 bath. Carport, fenced man cave, mobile trailer for stg. Unit # 3 Carport enclosure w/new roof. Fully gated with room for 6-8 cars. On site Wtr/Swr cleanout/220 pwr & 110 outlets. Fully rented
  1. Listed by Trina Neddo • Cashflow Real Estate

Property Details for 338 East State Avenue

Parking Features
Carport, RV Access/Parking
Subdivision Name
Cottage Home Ad

Location

Listing Courtesy of Cashflow Real Estate
Add your commute
LISTING UPDATED: 05/08/2024 11:17 AM

Property Details for 338 East State Avenue

StatusPending
MLS #98909117
Days on Market5
Taxes$2,495 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1927
Lot Size0.16 AC / 6,969 SF
CountyAda County

Location

Listing Courtesy of Cashflow Real Estate
Add your commute

Building Information for 338 East State Avenue

Stories-Residences3Year Built1927Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$3,405 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,197

Property Taxes

$208

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 338 East State Avenue

Summary
Location and General Information
  • Zoning Description: R15
Taxes and HOA
  • Tax Legal Description: LOT 1 & E 10' OF LOT 2 BLK 6COTTAGE HOME ADD TO MERIDIAN
  • Tax Year: 2023
  • Parcel Number: R1578000290
School Information
  • Elementary School: Meridian
  • Elementary School District: West Ada School District
  • HighSchool: Meridian
  • HighSchool District: West Ada School District
  • Middle Or Junior School: Meridian Middle
  • Middle Or Junior School District: West Ada School District
Parking
  • Carport: Yes
  • Garage: No
  • Parking Total: 5
Property
Lot Information
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Building Area Total: 2809.0
  • Building Area Units: Square Feet
  • Farm Land Area Units: Square Feet
  • Living Area: 2809.0
  • Living Area Units: Square Feet
  • Lot Features: Standard Lot 6000-9999 SF, Irrigation, R.V. Parking
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Square Feet: 6969.6
  • Lot Size Units: Acres
Property and Assessments
  • Documents Available: Property Disclosure, Lead Based Paint Discl
  • Photos Count: 49
  • Year Built: 1927
Utilities
  • Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter
  • Utilities: Sewer Connected, Cable Connected
  • Water Source: City Service
Interior and Exterior Features
Exterior Features
  • Construction Materials: Frame
  • Fencing: Metal, Wood
  • Roof: Composition
Interior Features
  • Appliances: Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
  • Cooling: Central Air, Ductless/Mini Split
  • Cooling Available: Yes
  • Electric: 0, Unit 1 Separate Meter, Unit 2 Separate Meter
  • Foundation Details: Crawl Space
  • Heating: Forced Air, Ductless/Mini Split
  • Heating: Yes
  • Laundry Features: Washer/Dryer Hookups (All Units)
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses Information
  • Gross Income: 46200.0
  • Net Operating Income: $40,692.00
  • Operating Expense: $5,508.00
Rental
Rental Information
  • Total Actual Rent: $3,850

Property History for 338 East State Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 338 East State Avenue

Taxable ValueLand$175,800Additions$752,600Total$928,400
Tax Record2022$2,862 ($238 / month)
Home Facts
Total Finished SqFt1,660 SqFtAbove Grade Finished SqFt1,660 SqFtStories1Lot Size6,970 SqFtStyleDuplexYear Built1927Year Renovated1977ZoningR-15CountyADAAPNR1578000290

Schools near 338 East State Avenue

This home is within Joint School District No. 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Meridian Elementary School
PublicPK to 5

Meridian Middle School
Public6 to 8

Meridian High School
Public9 to 12

Crossroads Middle School
Public6 to 8

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 Cashflow Real Estate

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.