5106 W Fairview Ave., Boise, ID 83706
sale
$4,300,000
|
Other
Courtesy Of Silvercreek Realty Group
Fairview Village represents a two-phase multifamily development, approved by Boise's Design Review Commission following rigorous public review. A fully entitled, 205-unit multifamily opportunity on the Boise Bench that's ready for the developer who moves with conviction. The current Podium build, designed for maximum capital efficiency, with a unit mix built to capture Boise's most active rental demand segment: workforce and moderate-income households. Utilize flexible execution paths like layered public financing (LIHTC, HUD 221(d)(4), tax-exempt bonds) or a pivot to market-rate garden-style delivery with a strategic capital stack. Boise's fundamentals do the talking: 3.2% rent growth, sub-5.4% vacancy, and a supply pipeline that has materially contracted. The entitlements are done. The only question: who's ready to build. This is the deal for a developer who knows that the best time to move in Boise was five years ago, and the second best time is now.
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Property Features
- Cooling System: Central Air
- Exterior Type: Masonry
- Exterior Type: Brick
- Exterior Type: Frame
- Exterior Type: Concrete
- Exterior Type: Stucco
- Legal Description: LOTS 28-32 INC BLK 05 CRUZEN MTN VIEW ADD #0895-B; LOTS 25-27 INC BLK 05 CRUZEN MTN VIEW ADD #0895-S; LOTS 1 TO 14 INC BLK 5 CRUZEN MTN VIEW ADD; LOTS 15/16 BLK 5 CRUZEN MTN VIEW ADD
- MLSID: 98984150
- Roof Type: Composition
- Roof Type: Metal
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