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509 S 13th St
Boise, ID 83702
Ascent BODO · Multifamily Property For Sale
·
23 Units
PROPERTY FACTS
| No. Units | 23 | Building Size | 16,700 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1978/2008 |
| Building Class | C | Parking Ratio | 2.24/1,000 SF |
| Lot Size | 0.56 AC | ||
| Zoning | R-ODD | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 16,700 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2008 |
| Parking Ratio | 2.24/1,000 SF |
| Zoning | R-ODD |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
ABOUT 509 S 13TH ST , BOISE, ID 83702
The Redwood Apartments is a 23 unit "Class C" apartment complex centrally located just three blocks from the heart of Boise's downtown business district. A single building facility sitting on .56 acres, it is comprised of 17 1bed/1bath units and 6 2bed/1bath units in a quaint low-rise garden setting. The facility consists of three floor plans, a two-story 2 bed/2 bath, a daylight basement single level 1 bed/1 bath, and an adorable "Loft" style bi-level 1 bed/1 bath, which is the hands-down favorite of prospective tenants. Rents are currently below market, creating a value add situation for new ownership. Constructed in 1978, the building and grounds have been very well maintained over the years, reflecting the pride taken in the property by the current owner. Only a few minutes walk to the Boise River Greenbelt, downtown food & beverage district, the Simplot JUMP Center and Boise State University, the Redwood Apartments are well positioned in a market struggling to fulfill demand for housing in the downtown area. Future development of a proposed near-by multi-purpose sports complex and additional downtown office space will increase demand for downtown living making this property's location even more critical to future ownership's ability to steadily increase rents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | $712.50 | 600 |
| 2+1 | 6 | $810.00 | 900 |
PROPERTY TAXES
| Parcel Number | R1431000851 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,875,400 |
PROPERTY TAXES
