Technical
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Property profile

597 Maple Grove Rd Boise, ID 83704

OFF-MARKET
Apartment buildings
Built 2023
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Property summary

AI-generated overview

This exceptional 102-unit apartment building, completed in 2023, presents a compelling investment opportunity. Located at 597 N Maple Grove Rd, Boise, ID 83704, in Ada County, this three-story garden-style property boasts 110,124 square feet of net rentable space. Currently enjoying a 95% occupancy rate, the Telluride Apartments are a testament to the strong demand for quality housing in this thriving market. The building's modern design and desirable location contribute to its consistent performance, making it an attractive option for investors seeking a stabilized asset with significant potential for future growth. Built in 2023, the property is a new construction, ensuring modern amenities and efficient operations. The Telluride Apartments represent a prime example of a fully amenitized asset in a strong location, poised to outperform the market regardless of broader economic conditions. This is a rare opportunity to acquire a high-performing multifamily property in a rapidly growing area. The property's strong performance and location make it an ideal investment for those seeking a stable and profitable asset. The building's modern design and high occupancy rate are key indicators of its success and potential for continued growth.

Property profile

Verified
Property type Apartment buildings
Year built 2023

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Complex

Location

597 Maple Grove Rd Boise, ID 83704
Boise metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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