109 Adams St
Horseshoe Bend, ID 83629
9
Bedrooms
5
Bathrooms
3,682
Sq Ft
2003
Year Built
About This Property
Assumable Seller Financing Duplex 5-Space MHP (7 Income Streams) Duplex and five-space manufactured housing property on 0.80 acres in Horseshoe Bend. Income includes (2) 2 bed / 1 bath duplex units (built 2002), (2) park-owned homes (home pad rent), and (3) tenant-owned homes paying lot rent. Current Performance: $67,561 EGI (2% vacancy), $50,896 NOI, 6.79% cap rate. Historically minimal vacancy with several long-term residents. Upside: Approximately $9,600 in documented rent upside as below-market leases renew, supporting potential NOI of $60,362 (8.05% cap at list price). City water/sewer, separately metered electricity, irrigation well. Located 30 minutes north of Boise via Hwy 55. Assumable seller financing available (subject to approval). Financials and rent roll available upon request.Agent is a member of the LLC that owns the property and is related to the other owner.
Property Details
Property Type
Multi_family
Year Built
2003
Lot Size
0.8 sq ft
HOA
None
Listed Price
$749,900
Owner Financing Terms
Why Owner Financing?
- ✓ No bank qualifying
- ✓ Bad credit OK
- ✓ Fast closing
- ✓ Flexible terms
Free account - No credit card required
Frequently Asked Questions About Owner Financing in Horseshoe Bend
What is owner financing for 109 Adams St?
Owner financing means the seller of 109 Adams St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Horseshoe Bend, ID is available with owner financing terms.
Do I need good credit for owner financing?
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
How much is the down payment for this Horseshoe Bend home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Horseshoe Bend property.