2661 Maple Grove Rd Boise, ID 83704
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 2661 Maple Grove Rd
- Year built
- 2023
- Property type
- Apartment buildings
Description
This exceptional 16-unit apartment building presents a compelling investment opportunity in Boise, Idaho. Located at 2661 N Maple Grove Rd, in Ada County, zip code 83704, this property boasts a prime location at the intersection of Maple Grove and Ustick Roads, offering residents easy access to shopping, dining, entertainment, and major transportation routes. The property, built in 2023, comprises six two-story buildings situated on a spacious 1.27-acre lot (APN: R1001500020). Currently, four units are completed and generating immediate rental income, while eight additional units are available for development, with full development approval already secured. This presents a unique opportunity to capitalize on the strong rental demand in Boise and increase the property's value through further construction. The property's design includes 16 apartment units and 2 parking pads. Thorough market analysis indicates robust demand and strong potential for rental income and future appreciation. This multifamily investment offers a blend of immediate return and significant long-term growth potential in a thriving Idaho market. The property's convenient location and the potential for expansion make it an attractive investment for both seasoned and emerging investors.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boise
- County
- Ada
- State
- Idaho
- Longitude
- -116.295
- Latitude
- 43.6291