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25545058
25545059

30 N Kings Rd, Nampa, ID 83687

TC
ID ID AB18477
KW Commercial Boise
Listed by KW Commercial Boise
$33,961,286
307 days on market
Updated 63 days ago

Kings Apartments - Phase One

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 115,284
Units 120
Cap Rate 5%
NOI $1,698,064
Price per SqFt $295
Class A
Buildings 6
Stories 4

Multifamily | 120 Units | $283,011/unit

Marketing description

Introducing a brand-new 120-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.

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 con􀀭rmed 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.

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
$--
$--
Annual Cash Flow
$1,698,064.00
$141,505.33/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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