Castleford Units #1-4 of 8 HUD Housing Units
$497,500
321 Main Street, Castleford, ID 83321
7.8
Cap Rate
8.6
Pro Forma Cap Rate
Details:
Highlights:
- HUD Guaranteed Rents
- Low inventory = Low vacancy
- Many recent updates!
- Additional utility reimbursement through HUD
Description:
Guaranteed rents through HUD Section 8 housing. Well priced 4-plex in Castleford, Idaho. Must sell with the second 4-plex located at 439 Maple (https://brevitas.com/p/4qzgdfGW), for a combined price of $995,000. These units have had extensive upgrades in the last few years - windows, roofs, paint, sidewalks, etc., ... Buyer will need to be approved for the HUD program and procure a HUD approved manager or become approved themselves to self-manage. Once you are in the program, you can add additional units anywhere as they come available. Low turnover as tenants receive rent assistance based upon ability to pay + a utility allowance. Proforma rents are the new rates for 2025 which will begin as the leases turn over. Please do not disturb tenants. Seller may elect to do an IRC Section 1031 Exchange at no cost to buyer. BTVA.
Documents:
| Title | ||
|---|---|---|
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Castleford_8_Unit_Proforma.pdf
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Location
Gallery
