5739 Coffey StGarden City, ID 83714

For Sale
$5,000,000

13 Luxury Single-Family Rentals, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Class A multifamily investment opportunity presents 13 individual, unattached single-family rental units situated on a 0.89-acre lot in desirable Garden City, Idaho. Built in 2020, the portfolio boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $204,000 and a compelling 4.08% cap rate. The asking price is $5,000,000, representing a price per unit of $384,615.38. Twelve of the units include a single-car garage, while the thirteenth unit, designed as a clubhouse, features a full bath and sleeping loft. All units are fully furnished, offering a turnkey investment opportunity. The property's prime location is just a block from the Boise River Greenbelt, providing exceptional tenant appeal. The current income stream is diversified, with a mix of long-term and short-term (Airbnb/VRBO) rentals. Zoned R-3 by the City of Garden City, there is potential for future condo conversion (subject to city approval). The property consists of thirteen two-story buildings on a single parcel. Please conduct drive-by viewings only

Highlights

  • 13-unit, Class A multifamily investment opportunity in Garden City, ID.
  • Built in 2020, situated on a 0.89-acre lot.
  • 100% occupancy with a $204,000 NOI and a 4.08% cap rate.
  • Asking price: $5,000,000 ($384,615 per unit).
  • Twelve units with single-car garages; one clubhouse unit with full bath and sleeping loft.
  • All units are fully furnished.

Property Details for 5739 Coffey St

Property type
Multifamily properties, Residential income homes
Class
A
Year Built
2020
Buildings
13
Stories
2
Lot Size (sq. ft)
38,768 SF
Units
13

Location Insight

City
Garden City
County
Ada
State
Idaho
Latitude
43.6575717
Longitude
-116.2847301
5739 Coffey St, Garden City, Idaho

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5739 Coffey St
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