Other
321, 323, 325, 327 W 4th And 416 Cedar St N
Jerome, ID 83338
$650,000
ActiveMLS® 99006110
Incredible investment opportunity to own 5 single family homes on 5 lots in Jerome Idaho. These homes are each situated on their own lot in an R3 multi-family zoning that allows up to 4 units on each 6,250 ft lot. There are 4 well kept 3 bed 2 bath mobile homes and a very nice 4 bedroom 2 bath stick built home with a basement included on the property. These homes are incredibly easy to manage as they are all situated together and have had long term tenants with virtually no vacancy rate. This property is low maintenance, has an excellent cap rate for today's investor and considering an individual sales price approach the value is incredible having an excellent return on investment.
Interior
- Appliances Disposal (No Units), Stove/Range (All Units)
- Laundry Washer/Dryer Hookups (All Units)
- Flooring Laminate, Vinyl Sheet
- Heating Electric, Forced Air
Exterior and Construction
- Construction materials Brick, Concrete, Metal Siding, Wood Siding
- Roofing Metal
Utilities
- Utilities Sewer Connected, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter, Unit 5 Separate Meter
- Water City Service
Land and Lot
- Lot size 0.71 acres (30,927 sq ft)
- Fencing Partial, Metal
- Current Use Single Family, 2-4 Units
- Lot description 1/2 - .99 Acre, Garden, Irrigation
Location and Zoning
- Zoning description R3
- County Jerome
- Subdivision 0 Not Applic.
Schools
- High School Jerome
- School District Jerome School District #261
- Elementary School Horizon Jerome
- Junior High School Jerome
Tax and Legal
- Annual tax $4,140.84
- Tax year 2025
- Parcel number RPJ1370047004
- Legal description Lots 4-8 BLK 47 JT SE 13-8-16
Parking and Garage
- Parking spaces 14
- Parking Parking spaces: 14
Listing Information
- Listing Agent
- Chris Barber
- Listing Office
- Silvercreek Realty Group
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