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Multifamily

102 E Ravenna Ln

102 E Ravenna Ln, Nampa, ID 83687

Listing Price: $3,379,000

Cap Rate
5.05%
Number of Units
12
Occupancy
95.0%
Price/Unit
$281,583
Price/Gross SF
$193.93
Gross SF
17,424

Investment Overview

Marcus & Millichap is pleased to exclusively present the sale of 12 individually attached condominium units offered as a portfolio located in Nampa, Idaho. The current owner operates 12 of the 20 condominiums within the community, which features all three-bedroom/two-and one half bathroom units at approximately 1,450 square feet. The property sale only includes the 12 units owned by the current owner. The property was built in February 2021 and offers the rare opportunity to purchase 12 condominium units in a bulk purchase, which provides less risk and an opportunity to sell off individually. Each condominium offers in-unit washer/dryers, additional storage closets and private patios. The subject property is located just minutes from Historic Downtown Nampa, Lake Lowell and the great Idaho outdoors and has easy access to Interstate 84 with short commutes to destinations like Boise State University approximately 20-miles east.

Investment Highlights

  • 12 Townhome-Style Two-Story Units Built in February 2021
  • Upside in Rents: No Rent Control in Idaho
  • Ability to Sell Condominium Units Off Separately Offering Less Risk

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) ID: DB54599

    Idaho

Multifamily

102 E Ravenna Ln

Listing Price: $3,379,000

Cap Rate
5.05%
Number of Units
12
Occupancy
95.0%
Price/Unit
$281,583
Price/Gross SF
$193.93
Gross SF
17,424

Investment Highlights

  • 12 Townhome-Style Two-Story Units Built in February 2021
  • Upside in Rents: No Rent Control in Idaho
  • Ability to Sell Condominium Units Off Separately Offering Less Risk

Investment Overview

Marcus & Millichap is pleased to exclusively present the sale of 12 individually attached condominium units offered as a portfolio located in Nampa, Idaho. The current owner operates 12 of the 20 condominiums within the community, which features all three-bedroom/two-and one half bathroom units at approximately 1,450 square feet. The property sale only includes the 12 units owned by the current owner. The property was built in February 2021 and offers the rare opportunity to purchase 12 condominium units in a bulk purchase, which provides less risk and an opportunity to sell off individually. Each condominium offers in-unit washer/dryers, additional storage closets and private patios. The subject property is located just minutes from Historic Downtown Nampa, Lake Lowell and the great Idaho outdoors and has easy access to Interstate 84 with short commutes to destinations like Boise State University approximately 20-miles east.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): ID: DB54599

    Idaho

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