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233 E 47th St
Garden City, ID 83714
Multi-Family Development Land · Land For Sale
·
2.06 AC
Investment Highlights
- R3 Zoned 60 Unit Entitled Land
- PROPOSED DEVELOPMENT: 60 Units = 58 - 2bed/2bath & 2 - 3bed/3bath
- EST. CONSTRUCTION COST: $13,185,852 - Per Unit $219,764
- Construction drawings 100% complete
Executive Summary
R3 zoned & entitled land, construction drawings 100% complete, building permit review pending payment, shovel ready
Property is grandfathered into being MU exempt, allowing for a pure townhome development that maximizes density and unit count
Clear path for Build-To-Sell opportunity. Project was originally designed as a build for rent project, but current Garden City Zoning and Idaho Statute 55-1501, would allow a condominium plat to be put in place, allowing for sale of individual units. This strategy would capitalize on the supply constrained market that consistently lacks adequate affordably priced housing.
Entitlements consist of 60 units total = 58 - 2bed/2bath & 2 - 2bed/3bath units with 1 car garage in a 3 story configuration - 73,309 SF
Existing site improvements include street-side sidewalk, curb, gutter, fire hydrant, and on-site power, water and sewer
Surrounded by newer infill homes, single family residences and other multi-family developments
Garden City, Idaho is a trendy municipality of approximately 13,000 people, nestled on the banks of the Boise River, just five minutes from downtown Boise
Access to the surrounding area, downtown Boise via-Chinden Boulevard / Highway 20/26 and Interstate 84/184 via-Curtis
Property is grandfathered into being MU exempt, allowing for a pure townhome development that maximizes density and unit count
Clear path for Build-To-Sell opportunity. Project was originally designed as a build for rent project, but current Garden City Zoning and Idaho Statute 55-1501, would allow a condominium plat to be put in place, allowing for sale of individual units. This strategy would capitalize on the supply constrained market that consistently lacks adequate affordably priced housing.
Entitlements consist of 60 units total = 58 - 2bed/2bath & 2 - 2bed/3bath units with 1 car garage in a 3 story configuration - 73,309 SF
Existing site improvements include street-side sidewalk, curb, gutter, fire hydrant, and on-site power, water and sewer
Surrounded by newer infill homes, single family residences and other multi-family developments
Garden City, Idaho is a trendy municipality of approximately 13,000 people, nestled on the banks of the Boise River, just five minutes from downtown Boise
Access to the surrounding area, downtown Boise via-Chinden Boulevard / Highway 20/26 and Interstate 84/184 via-Curtis
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Planned Unit Development |
| Property Type | Land | Total Lot Size | 2.06 AC |
| Zoning | R-3 - Multi-Family | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Planned Unit Development |
| Total Lot Size | 2.06 AC |
| Zoning | R-3 - Multi-Family |
1 Lot Available
Lot
| Lot Size | 2.06 AC |
| Lot Size | 2.06 AC |
AVAILABLE: 2.06 Acres (2 Parcels) UTILITIES: All Available to Site CURRENT IMPROVEMENTS: Sidewalk, Curb & Gutter
Description
R3 ZONED, 60 UNIT ENTITLED LAND SALE PRICE: Call Broker For Pricing AVAILABLE: 2.06 Acres (2 Parcels) UTILITIES: All Available to Site CURRENT IMPROVEMENTS: Sidewalk, Curb & Gutter PROPOSED DEVELOPMENT: 60 Units = 58 - 2bed/2bath & 2 - 3bed/3bath EST. CONSTRUCTION COST: $13,185,852 - Per Unit $219,764 ZONING DESIGNATION: R3 - Multi-Family PARCEL NUMBERS: R2734523676 & R2734523661 AVAILABILITY: Immediate
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $837,100 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$837,100
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