803 E Clark St, Pocatello, ID 83201

Property Status: Sold (Wholesale) |  Sold: $225,000.00

6 Bedrooms / 6 Baths / Multiple Family


Property Status:
This Property is currently...
  • Status: Sold (Wholesale)
  • Sold: $225,000.00
Property Details:
6 Bedrooms / 6 Baths / Multiple Family
Property Style:
5+ Units
No Basement
Owner / Agent:
Property Features:
I have this 5 unit and the 6 unit on 815 Clark Street still available.
Contact Info
We Offer Options INC
(801) 865-4167

View on Individual's Website
815 E. Clark St. Pocatello - 6 plex Purchase price $245,000 Cap rate 9.9% Pro-forma Cap Rate - 11%+ (4) 1 bed/ 1 bath - rents (3) $475 (1) $449 (2) 2 bed/ 1 bath - rents for $525 Total rents - $2,924 ($35,088) Value add: Can raise the rents at least $275 per month. You can get more!!! Expenses: Taxes - $2,653 Insurance - $400 WSG - $1,600 Utilities - $360 Maintenance/Repairs $3,300 Management (8%) $2,638 Total Expenses: $10,951 NOI - $24,137 803 E. Clark St. Pocatello Idaho- 5 plex Purchase price $225,000 Cap rate 9.1% Pro-forma Cap rate 9.9%+ ARV -$300,000+ Has a new roof in 2018 and most units have been painted inside and out. Most units have new carpet. All units have separate meters. Owner pays WSG and some gas/electric for hot water or common areas. Very small expense. 3 bed/ 1 bath - rents $600 1 bed/ 1 bath - rents $449 1 bed/ 1 bath - rents $449 2 bed/ 1 bath - rents $525 2 bed/ 1 bath - rents $525 Total Rents - $2,548 (30,576) Value add; Rents are still low. For 3 bed you can get $700-$800; 2 bed $550-$650; and 1 bed $500-$600. You will be able to increase rents by at least $300+ per month. Expenses: Taxes - $2,734 Insurance (estimate) $350 WSG $1,440 Maintenance/Repairs $2,850 Utilities $300 Management (8%) - $2,446 Total Expenses: $10,120 NOI: $20,456 CONTACT REBECCA JENSEN FOR MORE INFORMATION 801-865-4167 www.weofferoptions.com For serious buyers we can get you in the properties. Properties are only available to cash buyers who can close quickly. You can use your own cash now or hard money and easily refinance later. Let me know if you need my help with this. A non-refundable $5000 earnest money deposit is required to reserve properties. Pocatello is the 4th hottest market in the country right now according to Housing Alerts! Growing area that is being revitalized! City is spending a lot of money on increasing its infrastructure and employers are moving there creating jobs. Home of Idaho State university. Rents are on the rise and houses appreciated almost 14%in the last year!! I have plenty of contacts that I can refer you too. Lenders, handymen and property managers etc. How may I help you? “SERIOUS INQUIRIES ONLY PLEASE” PROPERTIES ARE FIRST COME, FIRST SERVE AND SOLD IN "AS IS" CONDITION! PROPERTIES ARE ONLY AVAILABLE TO CASH BUYERS WHO CAN CLOSE QUICKLY!

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

Utah Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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  • West Jordan, UT 84088

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