Log In/Sign Up
Your email has been sent.
Building J - Maddyn Village 2985 N Meridian 8 Unit Apartment Building $2,200,000 ($275,000/Unit) Meridian, ID 83646
Investment Highlights
- Minutes away from The Village at Meridian, Idaho's premier shopping, dining, and entertainment destination.
- Close proximity to Settlers Park. Access to 57 acres, including tennis courts, a fishing pond, and the adventure island playground.
- Easy access to the arterials of Chinden Blvd. and I-84, making commutes to Boise or Nampa seamless.
- Within the boundaries of the prestigious West Ada School District.
Executive Summary
STABILITY AND LONG TERM VALUE
- Rare opportunity to acquire a stabilized, turnkey 8-unit multifamily complex in one of the Pacific Northwest’s fastest growing corridors.
- 100% Occupied, providing immediate and consistent cash flow with a proven track record of zero vacancy and strong tenant retention.
- Built in 2018 and features high-quality architectural standards with Class "A" appeal, reducing near-term capital expenditure requirements.
STRATEGIC LOCATION & DEMOGRAPHICS
- Located in the high-growth Meridian corridor in the heart of the Treasure Valley, one of the fastest-growing metro areas in the United States.
- The property is located just minutes from The Village at Meridian, premier retail centers, top-rated schools, and major employment centers.
- Strategically positioned to capture the influx of professionals seeking luxury suburban living with urban convenience.
SUPERIOR ASSET COMPOSITION
- Large-scale modern layouts with floor plans ranging from 1,186 SF to 1,387 SF, outperforming standard market footprints.
- A versatile blend of one, two, and three-bedroom configurations designed to capture a broad and stable tenant demographic.
- A cornerstone asset for a sophisticated portfolio, offering the perfect balance of immediate yield and long-term appreciation.
- Rare opportunity to acquire a stabilized, turnkey 8-unit multifamily complex in one of the Pacific Northwest’s fastest growing corridors.
- 100% Occupied, providing immediate and consistent cash flow with a proven track record of zero vacancy and strong tenant retention.
- Built in 2018 and features high-quality architectural standards with Class "A" appeal, reducing near-term capital expenditure requirements.
STRATEGIC LOCATION & DEMOGRAPHICS
- Located in the high-growth Meridian corridor in the heart of the Treasure Valley, one of the fastest-growing metro areas in the United States.
- The property is located just minutes from The Village at Meridian, premier retail centers, top-rated schools, and major employment centers.
- Strategically positioned to capture the influx of professionals seeking luxury suburban living with urban convenience.
SUPERIOR ASSET COMPOSITION
- Large-scale modern layouts with floor plans ranging from 1,186 SF to 1,387 SF, outperforming standard market footprints.
- A versatile blend of one, two, and three-bedroom configurations designed to capture a broad and stable tenant demographic.
- A cornerstone asset for a sophisticated portfolio, offering the perfect balance of immediate yield and long-term appreciation.
Property Facts
| Price | $2,200,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $275,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.26 AC |
| No. Units | 8 | Building Size | 10,112 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2019 |
| Zoning | R-15 | ||
| Price | $2,200,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 10,112 SF |
| No. Stories | 2 |
| Year Built | 2019 |
| Zoning | R-15 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 1,298 |
| 2+2 | 4 | - | 1,186 |
| 3+3 | 2 | - | 1,386 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $4,849,500 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,849,500
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Building J - Maddyn Village | 2985 N Meridian
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.