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Central Pointe 1334 N Liberty St 200 Unit Apartment Building For Sale Boise, ID 83704
Investment Highlights
- Proven value-add program with 51% of units fully renovated and a clear path to completion.
- Robust amenity package including a clubhouse, fitness center, pool, and courtyard.
- Strong operating performance with a sub-40% expense ratio and 7.0% total revenue growth year-over-year.
- Prime West Bench location with immediate access to retail, dining, and services along Fairview Avenue.
Executive Summary
CBRE is pleased to present Central Pointe, a 200-unit multifamily asset situated in Boise’s established West Bench neighborhood, just five miles west of Downtown Boise. Central Pointe’s amenity package includes a resident clubhouse with a 24-hour fitness center and business center, community pool, courtyard, playground, and on-site laundry facilities. The property benefits from a densely populated commercial corridor offering residents immediate access to an abundance of retail, dining, and service options, complemented by a family-friendly suburban character and quality public schools that support durable, long-term rental demand.
Central Pointe has been meticulously maintained, with 51% of units fully renovated and an additional 10% partially renovated. The in-place renovation program provides prospective buyers with a proven value-add roadmap and demonstrated rental premiums. As Boise continues to experience rapid growth and shifting demographics, Central Pointe is positioned in a high-demand area, making it an ideal investment for those looking to enter or expand their presence in the Boise market.
Central Pointe has been meticulously maintained, with 51% of units fully renovated and an additional 10% partially renovated. The in-place renovation program provides prospective buyers with a proven value-add roadmap and demonstrated rental premiums. As Boise continues to experience rapid growth and shifting demographics, Central Pointe is positioned in a high-demand area, making it an ideal investment for those looking to enter or expand their presence in the Boise market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 10.21 AC |
| No. Units | 200 | Building Size | 144,486 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1971 |
| Building Class | C | Parking Ratio | 2.76/1,000 SF |
| Zoning | R-2 | ||
| Sale Type | Investment |
| No. Units | 200 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.21 AC |
| Building Size | 144,486 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2.76/1,000 SF |
| Zoning | R-2 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Heating
- Kitchen
- Views
- Yard
Site Amenities
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Spa
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $37,388,300 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$37,388,300
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Central Pointe | 1334 N Liberty St
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