1401 Oakley Ave
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1401 Oakley Ave
14 Unit Block of Flats £1,760,020 (£125,716/Unit) Burley, ID 83318
Investment Highlights
- Recently renovated
- Brick exterior
Executive Summary
14 Apartments. Good mix of sizes ranging from 627 SF to 1309 SF, 1-1bed with bonus, 3-2bed with bonus, 4-2bed, 6-3bed. All 1 bath. Gutted to the brick and foundation and rebuilt in 2021. New plumbing, electrical, HVAC, framing, roof, kitchens, bathrooms, flooring, and finishes. All electric. Each apartment has a ductless with AC in main area and wall heaters in bed/bath. Convenient location next to Family Dollar, banks, and other businesses on Overland and Main St. Tenants pay water, sewer, trash and electric to the city of Burley. The landscaping is all rock so no mowing expense. There are 3 coin operated washers and dryers in the basement for laundry, no laundry in the individual apartments, this makes another revenue center and less appliances to take care of. he original building was built in 1916, with a large addition in 1955. Owner pays, 1 electric meter for common areas IE exterior lights, laundry, common entryways. Tenants pay around $75-100 per month to the city for WST and electric combined bill.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,760,020 | Building Class | C |
| Price Per Unit | £125,716 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 13,525 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1955 |
| Price | £1,760,020 |
| Price Per Unit | £125,716 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 13,525 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1955 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 1 | £684.64 | 705 |
| 2+1 | 7 | £704.21 | 627 - 1,016 |
| 3+1 | 6 | £774.63 | 956 - 1,309 |
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1401 Oakley Ave
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