10610 McMillan Rd - Apartments FOR SALE


Boise, ID 83713- West Valley
$4,200,000 USD
208-906-9515
10610 McMillan Rd, Boise, ID for Sale
$4,200,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

10610 McMillan Rd
Boise, ID 83713
West Valley


HIGHLIGHTS

  • 1,131 SF two-bed townhomes with attached W/D and patios, built 2021
  • Site previously approved for 7 additional units where a current vacant house sits
  • Easy path to increased income by pushing rents to market and adding RUBS

OVERVIEW

Berkadia is pleased to present Five Mile Crossing Townhomes, a 15-unit townhome community built in 2021 in West Boise. Every unit is a 1,131 SF two-story, two-bed townhome with 2.5 baths, in-unit washer/dryer, patio, and storage closet. The property is 100% occupied with no deferred maintenance. In-place rents average $1,629, below market, and 60% of the leases are month-to-month or expire within 90 days, giving a new owner can reset the majority of the rent roll in the first quarter of ownership. No utility billback is in place today; adding RUBS recovers approximately $13,300 per year. The 1.31-acre parcel also carries a building site previously approved for seven additional units, where a 1,589 SF single-family house (renovated 2023, currently vacant) that last leased at $2,200/month.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

15

PRICE/UNIT

$280,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Five Mile Crossing Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2021

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

MX-1

APN/PARCEL ID

R5624000025

ASK ABOUT THIS PROPERTY

Chriskott ToddBerkadia Real Estate AdvisorsMore Info
208-906-9515

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Chriskott ToddBerkadia Real Estate AdvisorsMore Info
208-906-9515

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.