2985 N Meridian - Apartments FOR SALE


Meridian, ID 83646- Northwest Meridian
$2,200,000 USD
208-995-9823
2985 N Meridian, Meridian, ID for Sale
$2,200,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

2985 N Meridian
Meridian, ID 83646
Northwest Meridian


HIGHLIGHTS

  • Minutes away from The Village at Meridian, Idaho's premier shopping, dining, and entertainment destination.
  • Easy access to the arterials of Chinden Blvd. and I-84, making commutes to Boise or Nampa seamless.
  • Close proximity to Settlers Park. Access to 57 acres, including tennis courts, a fishing pond, and the adventure island playground.
  • Within the boundaries of the prestigious West Ada School District.

OVERVIEW

STABILITY AND LONG TERM VALUE - Rare opportunity to acquire a stabilized, turnkey 8-unit multifamily complex in one of the Pacific Northwest’s fastest growing corridors. - 100% Occupied, providing immediate and consistent cash flow with a proven track record of zero vacancy and strong tenant retention. - Built in 2018 and features high-quality architectural standards with Class "A" appeal, reducing near-term capital expenditure requirements. STRATEGIC LOCATION & DEMOGRAPHICS - Located in the high-growth Meridian corridor in the heart of the Treasure Valley, one of the fastest-growing metro areas in the United States. - The property is located just minutes from The Village at Meridian, premier retail centers, top-rated schools, and major employment centers. - Strategically positioned to capture the influx of professionals seeking luxury suburban living with urban convenience. SUPERIOR ASSET COMPOSITION - Large-scale modern layouts with floor plans ranging from 1,186 SF to 1,387 SF, outperforming standard market footprints. - A versatile blend of one, two, and three-bedroom configurations designed to capture a broad and stable tenant demographic. - A cornerstone asset for a sophisticated portfolio, offering the perfect balance of immediate yield and long-term appreciation.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$8 USD /SF

# OF UNITS

8

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building J - Maddyn Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R-15

APN/PARCEL ID

R5430950360

ASK ABOUT THIS PROPERTY

Parker BrakebillLee & Associates Idaho, LLCMore Info
208-995-9823

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Parker BrakebillLee & Associates Idaho, LLCMore Info
208-995-9823

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