10188 Utahna RdBoise, ID 83714

This exceptional investment opportunity presents a brand-new, nine-unit apartment complex poised for construction in Boise, Idaho. The project, situated on a 1.19-acre lot at 10188 Utahna Rd, Boise, ID 83714 (APN: R7334201140, R7334201162, R7334201172), is zoned R-1C by the City of Boise. The development comprises two, two-story buildings, offering a total of nine units. Each unit boasts approximately 1900 square feet, featuring three bedrooms, two and a half bathrooms, and a one-car garage. Construction will utilize Insulated Concrete Forms (ICF) for superior insulation and energy efficiency, resulting in lower operating costs for owners. High-quality finishes and functional layouts are incorporated into each unit's design to maximize tenant comfort and appeal. The property's prime location offers convenient access to shopping, dining, and downtown Boise, ensuring high occupancy rates and strong rental income. The projected pro-forma cap rate is 4.50%. The sale price is $400,000 per unit, representing a fee-simple ownership opportunity with no ground lease. This is a rare chance to acquire a new, high-quality multifamily asset in a thriving Boise market. The complex is comprised of a four-plex and a five-plex building.