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25496051
25496050

3126 E Victory Rd, Nampa, ID 83687 For Sale

TC
ID ID AB18477
KW Commercial Boise
Listed by KW Commercial Boise
$86,052,715
432 days on market
Updated 2 days ago

Kings Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 279,486
Units 300
Cap Rate 5%
NOI $4,302,636
Price per SqFt $308
Class A
Buildings 14
Stories 4
Acreage 14.160
Zoning RMH

Well Located Apartment Complex | 14.16 acres

Marketing description

Introducing a brand-new 300-unit apartment complex located at the prime intersection of Victory and Kings Roads in Nampa, Idaho. Construction on the project can begin in April 2026. This exceptional property is strategically situated near the College of Western Idaho and a thriving category killer retail center, making it an attractive residence for a diverse tenant base. Designed with modern living in mind, the complex features state-of-the-art amenities, spacious floor plans, and high-quality finishes that cater to the needs of today’s renters. Residents will enjoy access to a range of facilities, including a fitness center, community lounge, outdoor recreational areas, and ample parking, ensuring a lifestyle of convenience and comfort. The property's location is a major draw, providing easy access to major transportation routes and proximity to educational institutions, shopping, dining, and entertainment options. The vibrant community atmosphere and robust economic growth in Nampa further enhance the appeal of this investment. Note pictures are from a similar property by the same builder. There are a total of fourteen (14) buildings in the complex. There are three (3) 12 plexes and eleven (11) 24 plexes. Phase One including 120 units is under construction now. See our listing for all buildings included in that phase.

UPDATES FROM THE ARCHITECT

We are currently submitted for site improvements with the City of Nampa and anticipate final review and permit approval in approximately 30 days.Our architect has completed the construction documents (CDs) for two of the three building types in Phase 1 and is actively working on the third building type along with the clubhouse. Once the civil/site plans receive approval, we plan to submit for all Phase 1 building permits immediately, which we expect could result in building permit approval in roughly three months (assuming a reasonable two-month city review period for the buildings). At that point, we would be able to begin vertical construction. The city has confirmed that site improvements can proceed according to the approved phasing plan; however, a significant portion of the utility work and subsurface drainage will need to be completed in conjunction with the Phase 1 scope.

Investment highlights

  • Please call the Listing Agent Tricia Callies @ 208-412-4771 for additional information regarding amenities.

Listing Contacts

TC
ID ID AB18477
KW Commercial Boise
Listed by KW Commercial Boise

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$4,302,636.00
$358,553.00/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Tricia Callies CCIM, CPM
License
ID AB18477
Brokerage Phone
2086729000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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