5102 State St Boise, ID 83703

This exceptional Class A apartment building, Haven on State, presents a compelling investment opportunity in Boise, Idaho. Completed in 2024, this new construction boasts 48 units across 32,624 square feet, situated on a 1.78-acre lot. Each unit features a modern, open-concept design, complete with personal balconies and full-size appliances, including a washer and dryer. The building's prime location at 5102 W State St, Boise, ID 83703, offers excellent visibility along a major arterial road connecting Downtown Boise and Eagle. Residents enjoy convenient access to Lake Harbor and Boise's Greenbelt, enhancing the property's desirability. The asking price is $12,000,000, representing a price per unit of $250,000 and a projected 5.17% cap rate upon stabilization, targeted for Q1 2025. Ample parking is available on-site. The property is zoned MX-4, providing flexibility for future development. This is a rare opportunity to acquire a high-quality, newly constructed multifamily asset in a rapidly growing market, offering strong potential for long-term appreciation and cash flow. The building's contemporary design and modern finishes cater to today's discerning renters, ensuring high occupancy rates. Invest in a property that combines prime location, modern amenities, and strong projected returns.