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3850 W Chair Lift Ln Meridian, ID 83642
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 7,060 sqft
Price per Sqft $169
Subdivision Non Applicable
MLS Listing ID 98964111
Sold Date 02/04/26
Bedrooms 12
HOA Fees $816/mo
HOA Y/N No
Year Built 2021
Annual Tax Amount $5,082
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Quadruplex
Source IMLS 2
Property Description
This fully rented, prime investment property is just a few minutes from downtown Meridian and interstate 84. Each unit in this 4-plex features a spacious 1765 square feet that includes 3 bedrooms, 2.5 bathrooms and a one-car garage. The kitchen and living area have a modern look and feel. This building is part of the newer Entrata Farms community which features a clubhouse, swimming pool and a green space just in front of the building. Rents, plus the “smart-home package” currently produce $87,000 in gross income per year with a cap rate of over 5%. The HOA dues are $816/month for the whole 4-plex which includes the master insurance policy, trash, water, and maintenance for all common areas.
Location
State ID
County Ada
Area Meridian Se - 1000
Direction Cross street: Franklin RD
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Appliance Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units)
Laundry Washer/Dryer Hookups (All Units)
Exterior
Garage Spaces 1.0
Community Features 2-4 Units
Utilities Available Sewer Connected
Roof Type Composition
Total Parking Spaces 1
Building
Lot Description Small Lot 5999 SF
Faces Cross street: Franklin RD
Water City Service
Structure Type Stucco,Stone
New Construction No
Schools
Elementary Schools Chaparral
High Schools Meridian
School District West Ada School District
Others
Senior Community Yes
Tax ID R2405710340
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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