42nd Street Townhomes - MultiFamily For Sale - 13,220 SF

42nd and Adams St Garden City, ID 83713

  • 13,220 Square Feet
  • Multifamily-Apartment Residential
  • For Sale

Summary Description

8 units are under contract, with another 8 units available

The Parkway Townhomes at 42nd is a new housing project off of
Veterans Memorial Parkway. The Parkway townhomes are part of a
much larger redevelopment of the surrounding area. The property is
adjacent to a Garden City Park, the Ada County Boys and Girls Club,
and the Boise River. This redevelopment of the area will include a
39 unit apartment complex with retail on a portion of the first floor,
additional townhomes available for individual retail sale, and a new
Charter School along 43rd Street. In total this developer has 40-50
acres under control for redevelopment. The individual townhomes
on 42nd Street will be marketed $30,000 higher per unit than this
investment offering.

Parkway Townhomes at 42nd will be 3 story townhomes with 3
bedrooms and 3.5 baths. Each unit will have a two car garage on the main level of the suit. The townhomes will vary in size depending on whether or not they are an interior unit or end unit..

Market analysis is provided by the market leading Park Place Property
Management who is also available for consultation regarding market
lease rates and property expenses. With nearby development
history in the market, the developer is confident in his estimated
operating expenses numbers and is open to questions about the
financial analysis provided herein. Take advantage of one of the first
redevelopment project projects in this part of Garden City.

Property Status: Available with Est Completion March 2018

Price: $2,240,000.00

Building Size: 13220 Square Feet

Area Available: 13,220 Square Feet

Related Documents:

Property Experts

Contact us regarding this property

An unexpected error has occurred. Please try again.
You didn't check the 'I'm not a robot' checkbox.

Your request has been submitted.

Someone will contact you shortly.