Property
Meridian, ID 83646 2985 N Meridian Rd Bldg H
$1,198,000
Presented By: Silvercreek Realty Group
Beds • 11
Baths • 2
SQFT • 4,607
Garage • 1
Home Details
This fully occupied 4-plex in Maddyn Village is a fantastic investment opportunity in a highly desirable location. The property includes two 3-bedroom, 2-bath units and two 2-bedroom, 1.5-bath units, all featuring modern interiors with granite countertops, a breakfast bar, and spacious, light-filled rooms. Each unit comes equipped with a washer, dryer, freestanding oven/range, and refrigerator for tenant convenience. Parking is plentiful, with one covered space per unit and additional uncovered spots available. Professionally managed by a local property management company, this property is situated across from Settlers Park, near The Village, and offers easy access to the interstate. With reliable rental income and a prime location, this 4-plex is an excellent addition to any investment portfolio.
Presented By: Silvercreek Realty Group
Interior Features for 2985 N Meridian Rd Bldg H
Bedrooms
Total Bedrooms11
Bathrooms
Total Baths8
Other Interior Features
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasher/Dryer Hookups (All Units)
General for 2985 N Meridian Rd Bldg H
AppliancesDisposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Assoc Fee Paid PerAnnually
Attached Garage No
Building Area UnitsSquare Feet
Cap Rate4.6
Carport Y/NYes
CityMeridian
Construction MaterialsFrame, Stone, Wood Siding
CoolingDuctless/Mini Split
CountyAda
Current Use2-4 Units
DirectionsFairview Ave, N Meridian Rd, W on street after Sedgewick Dr
Electric533, Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter
Elementary SchoolRiver Valley
Elementary School DistrictWest Ada School District
Garage Spaces1
Garage Y/NYes
Gross Income73476
HOANo
HOA Fee$3846
HeatingDuctless/Mini Split
High SchoolMeridian
High School DistrictWest Ada School District
Home Warranty Y/NNo
Land Lease Y/NNo
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet6098.4
Lot Size UnitsAcres
MLS AreaMeridian NW - 1030
Middle/Junior High SchoolMeridian Middle
Middle/Junior School DistrictWest Ada School District
Net Operating Income55030
New ConstructionNo
Number Of Units Total4
Operating Expense18446
OwnershipFee Simple
Property Attached Y/NNo
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
StatusActive
Subdivision NameMaddyn Village
Tax Annual Amount6220.62
Tax Year2024
Total Actual Rent6534
UtilitiesSewer Connected
Waterfront Y/NNo
Year Built2018
Exterior for 2985 N Meridian Rd Bldg H
Building Area Total4607
Covered Spaces1
Foundation DetailsCrawl Space
Lot FeaturesStandard Lot 6000-9999 SF, Irrigation, Sidewalks
Lot Size Acres0.14
Lot Size Area0.14
Open Parking Y/NNo
Parking FeaturesCarport, Detached, One Car
SpaNo
Total Parking8
Water SourceCity Service
Additional Details
Price History
Schools
Elementary School
River Valley Elementary School
Middle School
Meridian Middle
High School
Meridian High School
