$400,000
For Sale

501 E Grove Ave

Parma, ID 83660
2712 sqft | 3 beds | 0.16 acres | #98954345
Browse 21 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Unlock Unrivaled Potential in Parma! This unique property presents a great opportunity for an investor or an owner-occupant ready to build equity and generate income. The main residence spans 1832 sq ft, featuring an unfinished basement (approximately 670 sq ft) that offers a solid foundation for your creative vision and future expansion. While updated about 10 years ago, there's ample room to customize and truly make it your own. Adding significant value is the separate, income-generating 800 sq ft ADU (Accessory Dwelling Unit), currently bringing in a reliable $1200/month in rental income! With two distinct living spaces, this property offers incredible flexibility: you have the powerful option to live in one and rent the other, or maximize your investment by renting both units for substantial cash flow. Don't miss this chance to own a versatile property with significant income potential and room for appreciation in the growing community of Parma. This isn't just a house; it's an investment in your future.

  • Property Details
      • InteriorBath-Master, Bed-Master Main Level, Granite Counters, Solid Surface Counters
      • Lot DescriptionStandard Lot 6000-9999 SF, Corner Lot, Manual Sprinkler System
      • Utility FeaturesSewer Connected, Cable Connected
      • School DistrictParma School District #137
      • Property SubtypeSingle Family Residence
      • SubdivisionParma Original
      • Utility SourceCity Service
      • Property TypePurchase
      • Middle SchoolParma Jr
      • MLS #98954345
      • MLS #98954345
      • CountyCanyon
      • Cost400000
      • Elementary SchoolParma
      • High SchoolParma
      • Acres0.16
      • Square Feet2712
      • Year Built1935
      • Taxes Annual$0
      • Bedrooms3

Location

Jennie Finlay & CompanyJennie Finlay & Company
OR

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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