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528 N 44th St

Nampa, ID 83687
  • $6,495,000
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 98902411
$6,495,000
  • 42
    BEDS
  • 0.98
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 19,446
    SQFT
  • $334
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2024
County:

School Ratings & Info

Intermountain MLS logoCourtesy of Silvercreek Realty Group.

Description

A 24 unit brand new Class A apartment complex. Builder is working on the finishes with a targeted completion in June, making for the perfect timing for investing 1031 funds. This offering includes 2 12-Plex buildings on a 1-acre site. Each building is 3 levels with each level comprised of 3 2-bedroom 1 bath units and 1 1-bedroom 1 bath unit. Each unit is between 805-817sf. There are 48 parking spaces. 5.34% Cap Rate. Est $346,564 NOI. Includes full landscaping with pressurized irrigation & the North, East & South boundaries will have a 6' vinyl privacy fence. The builders have targeted a more high-end finish to attract a higher level of tenant. The units will be finished with a mid-level cabinet topped by quartz countertops & SS appliances (refrigerator, dishwasher, electric range, microwave, & washer/dryer). Mix of carpet & luxury vinyl plank flooring.

Directions: I-84->S on Garrity->E on Flamingo->S on Happy Valley->W on Airport->N on 44th

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Intermountain MLS logo© 2024 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Michael Ryan Real Estate are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2024-04-04T00:10:15.083.
www.michaelryanrealestate.com/homes/148349722
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528 N 44th St Nampa, ID 83687

  • Price: $6,495,000
  • Status: Active
  • On Site: 40 Days
  • MLS #: 98902411
42
Beds
0
Baths
0
½ Baths
0.98
Acres
19,446
SQFT
$334
$/SQFT
2024
Built
Neighborhood:
Nampa Ne (87) - 1250
County:
Canyon
Area:
Nampa Ne (87) - 1250
Property Description
A 24 unit brand new Class A apartment complex. Builder is working on the finishes with a targeted completion in June, making for the perfect timing for investing 1031 funds. This offering includes 2 12-Plex buildings on a 1-acre site. Each building is 3 levels with each level comprised of 3 2-bedroom 1 bath units and 1 1-bedroom 1 bath unit. Each unit is between 805-817sf. There are 48 parking spaces. 5.34% Cap Rate. Est $346,564 NOI. Includes full landscaping with pressurized irrigation & the North, East & South boundaries will have a 6' vinyl privacy fence. The builders have targeted a more high-end finish to attract a higher level of tenant. The units will be finished with a mid-level cabinet topped by quartz countertops & SS appliances (refrigerator, dishwasher, electric range, microwave, & washer/dryer). Mix of carpet & luxury vinyl plank flooring.

Directions: I-84->S on Garrity->E on Flamingo->S on Happy Valley->W on Airport->N on 44th
Exterior Features

Construction Materials FrameOtherStucco Exterior Features Paved Outside Area Fencing Partial Lot Features 1/2 - .99 AcreLawn Sprinklers Parking Features 21 - 50 Spaces Parking Total 48 Roof Composition

Interior Features

Above Grade Finished Area Units Square Feet Below Grade Finished Area Units Square Feet Building Area Total 19446 Cooling Central Air Cooling YN Yes Heating ElectricForced Air Heating YN Yes

Property Features

Business Type Multi-Family Gross Income 459804 Land Lease YN No Listing Terms CashConventionalFHA Lot Size Dimensions 125x343 Net Operating Income 346564 New Construction YN Yes Operating Expense 113240 Possible Use Multi Family Suitable(Garden/Low Rise) Property Attached YN Yes Tax Annual Amount 41896 Tax Legal Description see exhibit A Utilities Sewer ConnectedCable Connected Water Source City Service Zoning Description RMH

Intermountain MLS logoCourtesy of Silvercreek Realty Group: 208-377-0422.


Intermountain MLS logo© 2024 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Michael Ryan Real Estate are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2024-04-04T00:10:15.083.
 
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Michael Ryan Real Estate
3611 North Locust Grove Road
Meridian ID, 83646
Intermountain MLS logoCourtesy of Silvercreek Realty Group.