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4050 W Libby Ln
Boise, ID 83705
Roosevelt Pines Townhomes · Multifamily Property For Sale · 25 Units

Investment Highlights

  • Easy access to Interstate 184 and major employers
  • From 2017-2021, the Boise metro area’s net in-migration totaled nearly 79,000 people, creating a significant source of rental demand
  • 24 townhomes and one studio apartments built in 1975
  • Average occupancy rate is projected to climb above the market’s five year average in 2023 and increase further in 2024
  • In-place rent is an average of $149 below market rate
  • Population projected to grow 69% between 2022 and 2060

Property Facts

No. Units 25
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.93 AC
Building Size 18,432 SF
Average Occupancy 96%
No. Stories 2
Year Built/Renovated 1975/2017
Parking Ratio 1.95/1,000 SF
Zoning R-2 - Residential

Amenities

Unit Amenities

  • Dishwasher
  • Disposal
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Carpet
  • Vinyl Flooring

Site Amenities

  • Laundry Facilities
  • Playground
  • Waterfront
  • Online Services

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 $1,200 400
2+1.5 24 $1,414 800

Property Taxes

Property Taxes

Parcel Number
R8112003645
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,935,600
  • Listing ID: 28609587

  • Date on Market: 5/30/2023

  • Last Updated:

  • Address: 4050 W Libby Ln, Boise, ID 83705

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