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Multifamily

Ivy Suites

1024 Ivy St, Nampa, ID 83686

Listing Price: Request For Offer

Number of Units
16
Gross SF
14,612

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Ivy Suites, a 16-unit value-add multifamily asset ideally located in Nampa Idaho. Ivy Suites’ exceptional location provides great access to Downtown Boise and the region’s thriving economy. Identified as Idaho’s third most populous city Nampa is located about 20 miles west of Boise along Interstate 84. Nampa is a principal city of the Boise-Nampa Metro area (Idaho’s largest metropolitan area), and is centrally and ideally located to reach all western U.S. markets. Developed in 1972, Ivy Suites is comprised of 12 one-bedroom units and 4 two-bedroom units for a total of 11,400 square feet. The apartment units feature open floor plans situated on 0.61 acres. Ivy Suites has 100% occupancy and continues to show increased demand for these units. Potential owners can benefit from a value-add opportunity available through apartment interior and exterior renovations. Comparable properties have been renovated and show rental premiums of $950-$1,100, suggesting substantial potential upside remaining. The property is well-positioned with convenient access to many retail, entertainment and employment districts. among others.

Investment Highlights

  • 16-Unit Multifamily Investment Opportunity
  • Located in Merdian, Idaho
  • Built-in 1972

Exclusively Listed By

  • Brock Zylstra

    Senior Vice President Investments

    (801) 736-2642

    Email Brock

    License(s): UT: 8726586-SA00, ID: SP47190

    Salt Lake City

  • Daniel Shin

    Senior Managing Director Investments

    (801) 736-2628

    Email Daniel

    License(s): UT: 6298928-SA00, ID: SP38035

    Salt Lake City

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) ID: DB54599

    Idaho

Multifamily

Ivy Suites

Listing Price: Request For Offer

Number of Units
16
Gross SF
14,612

Investment Highlights

  • 16-Unit Multifamily Investment Opportunity
  • Located in Merdian, Idaho
  • Built-in 1972

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Ivy Suites, a 16-unit value-add multifamily asset ideally located in Nampa Idaho. Ivy Suites’ exceptional location provides great access to Downtown Boise and the region’s thriving economy. Identified as Idaho’s third most populous city Nampa is located about 20 miles west of Boise along Interstate 84. Nampa is a principal city of the Boise-Nampa Metro area (Idaho’s largest metropolitan area), and is centrally and ideally located to reach all western U.S. markets. Developed in 1972, Ivy Suites is comprised of 12 one-bedroom units and 4 two-bedroom units for a total of 11,400 square feet. The apartment units feature open floor plans situated on 0.61 acres. Ivy Suites has 100% occupancy and continues to show increased demand for these units. Potential owners can benefit from a value-add opportunity available through apartment interior and exterior renovations. Comparable properties have been renovated and show rental premiums of $950-$1,100, suggesting substantial potential upside remaining. The property is well-positioned with convenient access to many retail, entertainment and employment districts. among others.

Exclusively Listed By

  • Brock Zylstra

    Senior Vice President Investments

    (801) 736-2642

    Email Brock

    License(s): UT: 8726586-SA00, ID: SP47190

    Salt Lake City

  • Daniel Shin

    Senior Managing Director Investments

    (801) 736-2628

    Email Daniel

    License(s): UT: 6298928-SA00, ID: SP38035

    Salt Lake City

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): ID: DB54599

    Idaho

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