Overview

$899,000

20% Min Down

647 W Broadway Avenue #

647 West Broadway Avenue, Meridian, ID 83642

For sale in Old Town Meridian

2 BR | 1 BA | 1,057 ft² | $851/ft² | 0.28% Cap Rate

Listed Mar 19th, 2021
Rare Industrial premiere location; 2 bed 1 bath home on 1.11 acre; Currently rents fo$1,400 month to month. This 1.11 acre includes two parcels; Perfect for a large variety of uses in the coveted Light Industrial Zone. Superior ingress/egress with 187 Ft of frontage. Location provides quick/easy access to I-84. Bare rear lot is level gravel yard & requires no demolition to fit your plans. Existing zoning allows turnkey transition. Industrial tenant - $400/ month for a 25'X40' space on rear lot corner.

The manager has listed the unit size as 1057 square feet.

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Features & Amenities

Unit Amenities

  • Oven
  • Refrigerator
  • Central A/C
  • Exterior: Stucco
  • Forced Air

Building Policies

Learn more about 647 West Broadway Avenue, Meridian, ID 83642

Listed By

History

Date Event Price
Apr 18, 2021 Price Drop $899,000
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Mar 19, 2021 Status Change $545,000
ListingHistoryRow::__set_state(array( 'event_date' => '2021-03-19', 'event_type' => 'Status Change', 'event_source' => 'Public Record', 'event_value' => '$545,000', 'orig_value' => NULL, 'listing_id' => '13727343', 'unit' => '', 'building_id' => NULL, 'street_address' => '647 W Broadway Avenue', 'citystate' => 'Meridian, ID', 'bedrooms' => '2', 'bathrooms' => '1', 'square_feet' => '1057', 'pretty_url' => 'https://www.realtyhop.com/building/647-w-broadway-avenue-meridian-id/house/13727343', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( 0 => NULL, ), 'orig_type' => 'listing_row', 'alt_data' => '', ))

Property Analysis

Price Estimate

$907,990

HopScore Market Price

$899,000

Current Asking Price

+$8,990

Difference from Asking

Cap Rate Analysis

Operating Profit

$2,520
/

Purchase Price

$899,000
=

Cap Rate

0.28%
**

* Actual income may vary between $1,076 and $1,614 depending on unit-specific characteristics.

** 100% occupancy is assumed. Leverage (mortgage) is not considered.

Comparables

Units for sale near 647 W Broadway Avenue

Unit Br Ba ft² Closed Price
Common Charges

Units for rent near 647 W Broadway Avenue

Unit Br Ba ft² Closed Price
Common Charges

Building Info

Want to find out who owns 60 East 8th Street? Get detailed property transactions here.

Neighborhood

Stats & Trends

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Median Asking

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Above Asking

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Sale Price/ft²

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Days on Market

Schools

School Type Grades Distance
MERIDIAN ELEMENTARY SCHOOL Elementary PK to 5 0.42 mi
MERIDIAN MIDDLE SCHOOL Middle School 6 to 8 0.65 mi
MERIDIAN HIGH SCHOOL High School 9 to 12 0.87 mi
BARBARA MORGAN STEM ACADEMY Elementary KG to 5 1.21 mi
HILLSDALE ELEMENTARY Elementary PK to 5 4.62 mi
CENTRAL ACADEMY HIGH SCHOOL High School 9 to 12 3.71 mi
MERIDIAN MEDICAL ARTS CHARTER High School 9 to 12 2.52 mi
PATHWAYS MIDDLE SCHOOL Middle School 6 to 8 2.59 mi
MERIDIAN TECHNICAL CHARTER HIGH SCHOOL High School 9 to 12 2.47 mi
MERIDIAN ACADEMY High School 9 to 12 1.96 mi
VICTORY MIDDLE SCHOOL Middle School 6 to 8 1.85 mi
CHIEF JOSEPH SCHOOL OF THE ARTS Elementary PK to 5 1.58 mi
CROSSROADS MIDDLE SCHOOL Middle School 6 to 8 1.56 mi
RENAISSANCE HIGH SCHOOL High School 9 to 12 1.5 mi
REBOUND SCHOOL OF OPPORTUNITY High School 6 to 12 1.42 mi
ADA PROFESSIONAL-TECHNICAL CENTER High School 10 to 12 0.87 mi
CHAPARRAL ELEMENTARY Elementary PK to 5 1.8 mi
VIRTUAL SCHOOL HOUSE M 1.51 mi
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.

Mortgage Payment Calculator

$5,054

Per Month

Recent Transactions at 647 W Broadway Avenue

Transaction history for 647 West Broadway Avenue

Unit Br Ba ft² Listed Listing Agent Asking
HOA + Tax
Closed Closing Buyer(s)

Apartments for Sale at 647 West Broadway Avenue

UnitBrBaft²ListedListing AgentAskingPrice/ft² HOA + Tax Floorplans

Apartments for Rent at 647 West Broadway Avenue

UnitBrBaft²ListedListing AgentAskingPrice/ft²Floorplans

Nearby Buildings

Learn more about 647 W Broadway Avenue #

Building at 647 West Broadway Avenue, Meridian, ID 83642

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