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The Smith 144 Smith Ave 20 Unit Apartment Building $3,500,000 ($175,000/Unit) 6% Cap Rate Nampa, ID 83651
INVESTMENT HIGHLIGHTS
- Tenants enjoy off-street parking, private patios (in select units), ample storage, mature landscaping, and pet-friendly features.
- Units have been proactively managed and modernized with vinyl plank flooring, updated features and countertops, and new appliances— minimizing immedia
- On-site laundry facility enhances tenant retention and boosts effective gross income.
EXECUTIVE SUMMARY
The Smith offers a mix of convenience and comfort in beautiful Nampa, Idaho. With two parcels located at 144 Smith Avenue and 135 Davis Avenue, this thoughtfully designed garden-style townhome community features 16 single-level units along with a detached two-story fourplex, providing residents a more private setting compared to nearby apartment communities. The unit mix contains 8 one-bedroom units and 12 two-bedroom units arranged on two separate parcels.
Residents enjoy new LVP flooring, modern fixtures, and updated countertops, with private patios in select units. Community amenities include covered carport parking, storage closets, mature trees, onsite laundry, and pet-friendly features.
Residents enjoy new LVP flooring, modern fixtures, and updated countertops, with private patios in select units. Community amenities include covered carport parking, storage closets, mature trees, onsite laundry, and pet-friendly features.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,500,000 | Building Class | C |
| Price Per Unit | $175,000 | Lot Size | 1.06 AC |
| Sale Type | Investment | Building Size | 13,600 SF |
| Cap Rate | 6% | Average Occupancy | 95% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 1.76/1,000 SF |
| Apartment Style | Garden |
| Price | $3,500,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 13,600 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.76/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Patio
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 12 | - | - |
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PROPERTY TAXES
| Parcel Number | 1492700000 | Improvements Assessment | $2,317,820 |
| Land Assessment | $360,680 | Total Assessment | $2,678,500 |
PROPERTY TAXES
Parcel Number
1492700000
Land Assessment
$360,680
Improvements Assessment
$2,317,820
Total Assessment
$2,678,500
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The Smith | 144 Smith Ave
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