411 43Rd StGarden City, ID 83714

For Sale
$4,000,000

90-Unit Apartment Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional redevelopment opportunity presents a fully entitled 90-unit apartment complex on a 2.04-acre lot in Garden City, Idaho. Located at 411 E 43rd St, 83714, this prime property is zoned C2 and boasts a compelling $4,000,000 asking price, translating to an attractive $44,000 per unit. The project, approved by the Garden City Development Services Department, includes an integrated parking garage, enhancing resident convenience. Amenities planned for residents include a fitness center, leasing office, community room, and an inviting amenity pool. The unit mix is thoughtfully designed with 30 two-bedroom, 36 one-bedroom, and 24 studio units, catering to a diverse range of renters. A significant advantage is the deferred permit and impact fees, payable upon Certificate of Occupancy and shortly before impact, respectively. Conceptual drawings are available for review. Situated just one block from the river and greenbelt, this location offers unparalleled access to outdoor recreation and natural beauty. This is a turnkey project ready for immediate development, presenting a strong return on investment. The property's proximity to the river and greenbelt adds significant value and appeal. This is a rare opportunity to acquire a fully approved, ready-to-build multifamily development in a desirable Idaho location.

Property Details for 411 43Rd St

Property type
Multifamily properties, Apartment buildings
Lot Size (sq. ft)
88,862 SF
Units
90

Location Insight

City
Garden City
County
Ada
State
Idaho
Latitude
43.636827227478
Longitude
-116.24735231438
411 43Rd St, Garden City, Idaho

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411 43Rd St
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