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Mallard Campus Home/Office Apartments 509-523 Rose St N 32 Unit Apartment Building $8,100,000 ($253,125/Unit) 5.50% Cap Rate Twin Falls, ID 83301
Investment Highlights
- Newly built 32-unit multifamily community completed in 2022.
- Located near the College of Southern Idaho and major Twin Falls amenities.
- Garden-style apartment community on approximately 2.01 acres.
- Strong occupancy history with professional management in place.
- R4 zoning supports higher-density residential use.
Executive Summary
Multi family Investment opportunity with strong rental history and consistent occupancy with good cash flow with management in place. Well maintained facility, located in a strong community with the College of Southern Idaho and over 55,000 population within the City Limits of Twin Falls.
Property Facts
| Price | $8,100,000 | Building Class | B |
| Price Per Unit | $253,125 | Lot Size | 2.01 AC |
| Sale Type | Investment | Building Size | 37,344 SF |
| Cap Rate | 5.50% | Average Occupancy | 100% |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R4 - Residential | ||
| Price | $8,100,000 |
| Price Per Unit | $253,125 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.01 AC |
| Building Size | 37,344 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | R4 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Hardwood Floors
- High Speed Internet Access
- Wi-Fi
- Office
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 32 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | RPT0801000002CA | Improvements Assessment | $340,229 |
| Land Assessment | $69,843 | Total Assessment | $410,072 |
Property Taxes
Parcel Number
RPT0801000002CA
Land Assessment
$69,843
Improvements Assessment
$340,229
Total Assessment
$410,072
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Contact the Sale Advisor
Mallard Campus Home/Office Apartments | 509-523 Rose St N