Archived 4 months ago

$654,900

12 bd 10 ba 5184 sqft

16852 Idaho Center Blvd, Nampa, ID 83687

Residential Quadplex

Current Rent

$5,200

Cap Rate

Pro Only

Cash on Cash ROI

Pro Only

Unit 1 Details
  • Current Rent: $1,300
  • Bedroom: 3 bd
  • Bathroom: 2½ ba
  • Square Footage: 1296 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $1,300
  • Bedroom: 3 bd
  • Bathroom: 2½ ba
  • Square Footage: 1296 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 3 Details
  • Current Rent: $1,300
  • Bedroom: 3 bd
  • Bathroom: 2½ ba
  • Square Footage: 1296 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 4 Details
  • Current Rent: $1,300
  • Bedroom: 3 bd
  • Bathroom: 2½ ba
  • Square Footage: 1296 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No

New Construction Fourplex in Nampa, ID

Rents in Boise valley have had a strong cycle of growth, culminating this year in what is poised to be the best year of rent gains yet. This trend has been bolstered by a healthy and expanding economy in Boise and Idaho as a whole, as evidenced by some of the strongest employment growth in the country.

The submarket, home to the downtown retail district, contains many attractions, such as Boise zoo, CenturyLink Arena, and the Boise Art Museum, as well as the Boise VA Medical Center. Roughly 41% of the population rents rather than owns, the highest percentage in the metro and possibly the result of home prices that average $230,000—nearly 35% more than those in the rest of the metro.
In Nampa, households earn a median yearly income of $45,404—while average household expenditures average $46,658—keeping many individuals and families in multifamily rental units for longer periods of time. Nampa is located about 20 miles west of Boise along interstate 84. It's the principal city of the Boise-Nampa Metro area (Idaho's largest metropolitan area), and is centrally and ideally located to reach all the western U.S. markets. The entire area has proven to be a great place for the Fourplex Investment Group, as we now have properties in both Nampa and Meridian.

The metropolitan area itself has a population around 227,000 people, and boasts the following rental stats:
Boise ranks 5th in Nation for Rising Rents
Average Rent Increase of 14.4% for One-Bedroom Apartments over the Last Year
Average rent across all types of apartments is $983 per month – up from the $879. (11.8% increase since last year)
Between 95% and 99.5% of all units have people living in them in every area – with the lowest occupancy in Southeast Boise at 95.5%.

Construction on phase one is set to begin April 2020 through 2021. 25% down is required, property management is in place. Contact me at [email protected] for more details.

Location:

16852 Idaho Center Blvd, Nampa, ID 83687

Rental Property Calculator

Watch this video as Brandon shows you how to analyze a rental property with the BiggerPockets Rental Property Calculator

  • Determine the profitability of a potential rental property
  • Estimate potential monthly and annual cash flow
  • Create printable PDFs to show lenders or partners*
  • Calculate return on investment over time
  • Plan for unforeseen expenses

*only Pro members can generate PDF reports

View my reports Start a new report

*The cap rate and cash on cash return calculations found on BiggerPockets Listings are designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.