338 E State Avenue

Meridian, ID 83642

About this property

Find this GEM in the HEART of "Old Town" Meridian!!! VERY unique property w/MANY options for future possibilities! Duplex w/additional open area being rented to a mobile mechanic for $600/mo. Zoned R-15 with "Opportunity zoning" (hold it for 7 years & no capital gains taxes if buy and hold investing occurs). Possible rezone to "Old Town" & get ZERO setbacks with commercial/residential mix + more lax vertical limits!!! Seller has a proforma that was put together by a real estate developer investment company that can be found in the doc. NO HOAs! Roof: BRAND NEW in 2022 Unit 1: New LVP flooring throughout! Each room has new mini-splits, A huge 24' x 56' COVERED concrete pad w/storage space (Could be a master bed and bath turning this 2/1 into a 3/2.) Unit 2: New kitchen-int paint, pergo/laminate/hardwd floors, 3 bed 2 bath. Carport, fenced man cave, mobile trailer for stg. Unit # 3 Carport enclosure w/new roof. Fully gated with room for 6-8 cars. On site Wtr/Swr cleanout/220 pwr & 110 outlets. FULLY RENTED

Features and Additional Information

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$585,900 Pending
2,809 SQFT

Presented By Westerra Real Estate Group

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Get in touch today! Phone: 1-208-733-7653
License #CO23255
Cashflow Real Estate
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Area Information

Meridian NE | Ada County | Cottage Home Ad

$ 585,900
This listing is play_arrow 28.7% higher than the average in the area
$ 455,400 in the area
2,809 SqFt
This listing is play_arrow 48.2% larger than the average in the area
1,895 SqFt in the area
$ 209 $/SqFt
This listing is play_arrow 22.7% less than the average in the area
$ 270 $/SqFt in the area
18 days on site
This listing is play_arrow 63.6% above the average in the area
11 days on site in the area

Schools in the Area

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    Elementary School
    West Ada School District
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    Middle School
    West Ada School District
  • turned_in
    High School
    West Ada School District
Listed By Trina Neddo
Brokerage: Cashflow Real Estate

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