Current Use by Public Records
- Apartment buildings
Property Details for 16090 Merchant Way
- Year built
- 2021
- Lot size
- 0.61 lot acres
- Property type
- Apartment buildings
Description
This exceptional Class A, 12-unit apartment building presents a compelling investment opportunity in Nampa, Idaho. Located at 16090 N Merchant Way, this 2021-built property boasts a total of 12,241 square feet situated on a 0.61-acre lot. The building comprises three stories and features a mix of six one-bedroom, one-bathroom units and six three-bedroom, two-bathroom units, all currently enjoying 100% occupancy. The property's strong financial performance is reflected in its $3,500,000 asking price, a $285.92 price per square foot, and a noteworthy $177,015 Net Operating Income (NOI), resulting in a 5.06% capitalization rate. Each unit commands a price of $291,666.67. Conveniently located near the I-84 Karcher Road exit/entrance, this property benefits from proximity to Costco, various grocery stores, restaurants, and entertainment venues. An on-site office adds to the property's operational efficiency. This is a turnkey investment ready for immediate income generation. The building's modern design and prime location ensure strong rental demand and long-term value appreciation. This is a rare opportunity to acquire a high-performing multifamily asset in a thriving Idaho market.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nampa
- County
- Canyon
- State
- Idaho
- Longitude
- -116.591
- Latitude
- 43.6063
