Courtesy of Keller Williams Realty Boise
Exciting investment opportunity one block to Boise State University. This unique "H-shaped" property was purchased and turned into a fraternity house and has a CUP (conditional use permit) for this use. This property is a single family home that is currently being utilized as a co-living building with 10 private bedrooms (comprised of 3 separate wings), 3 communal bathrooms, and communal kitchen/living/dining areas. Set on a prime ~.25-acre lot and currently zoned R-2D. The current nonconforming usage is great for easy and instant cash flow with tenants and property management company in place. Tenants each have a private bedroom (note: not all bedrooms have closets) and share common areas including the kitchen (fully furnished with appliances), living hall, bathrooms (each bedroom wing has a bathroom), and laundry facilities. This location is ideal for student/staff housing with campus just down the street.
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