Awesome cash-flowing duplex for sale, Ontario, OR (outside Boise)

[Tricia McMasters]

This fully-rented duplex is located in Ontario, OR, which is a little less than an hour outside of Boise, ID.  It's a great rental market!  Vacancy is very low, and the property hasn't been vacant more than two weeks in the past five years.  It's a 9% cap rate, according to my calculations and the Bigger Pockets calculator.  

Each unit has individual meters for utilities, so the owner just pays the garbage bill each month.  It has a nice yard, and the tenants are required to maintain it or the owner pays a lawn service and charges it to them.  It's 2 miles from Treasure Valley Community College, which is a pretty popular school in the area.  The owner has been able to find great tenants, often students whose parents co-sign and pay for the entire year up front.  

One unit was totally rehabbed this year (tenant has a rent discount until next July because he did the work), and the other unit rents just fine as-is, even though it hasn't been rehabbed for awhile.  A new renter is just moving in and the lease is for a year.  Both units have rented for $595 for a couple of years (besides the discount because the tenant did the rehab work), but the rent could easily be raised.  

The roof will need to be replaced in 5-10 years, and everything else is in good working order.  It's an awesome property in a town with very low vacancy.  

Call, text, or email me for more info and pictures!  208-918-0337 or [email protected].