Boise Investment – R-2 Zoned Property w/ Tenant + Proven Rental Income

[Lore Johnston]

Hey investors—curious to get your thoughts on a property currently listed in Boise (MLS). It's custom built, zoned R-2, and has an interesting rental history spanning both short- and long-term strategies:

📍 970 N Clithero Dr – R-2 Zoned, Tenant in Place

Currently leased at $2,200/month through August 2025. Prior to that, it operated as a short-term rental with solid performance.

📍 970 N Clithero Dr – $500,000 (MLS # available upon request)

🔹 Zoned R-2 – potential for additional units or redevelopment
🔹 Currently leased at $2,200/mo through August 2025
🔹 Established short-term rental income prior to conversion
🔹 Located near freeway access, near downtown, easy greenbelt access and near major employment centers

2023 (Short-Term Rental)
• Gross: $33,533
• Peak Months: June $6,550 | August $4,642 | September $3,557

2024 (Transition to Long-Term Lease)
• Gross: $27,600
• Tenant stabilized at $2,200/mo starting March

2025 (Projected)
• Gross: $26,400 – current lease in place through Aug 2025

Please contact Lore at 208.370.9004 or Dave at 208.703.0113 for more info or to schedule a showing.