1334 North Liberty Street
Rare Value-Add Opportunity in Boise’s Sought-After West Bench Submarket
Marketing description
- Proven value-add program with 51% of units fully renovated and a clear path to completion.
- Strong operating performance with a sub-40% expense ratio and 7.0% total revenue growth year-over-year.
- Robust amenity package including a clubhouse, fitness center, pool, and courtyard.
- Prime West Bench location with immediate access to retail, dining, and services along Fairview Avenue.
Investment highlights
CBRE is pleased to present Central Pointe, a 200-unit multifamily asset situated in Boise’s established West Bench neighborhood, just five miles west of Downtown Boise. Central Pointe’s amenity package includes a resident clubhouse with a 24-hour fitness center and business center, community pool, courtyard, playground, and on-site laundry facilities. The property benefits from a densely populated commercial corridor offering residents immediate access to an abundance of retail, dining, and service options, complemented by a family-friendly suburban character and quality public schools that support durable, long-term rental demand.
Central Pointe has been meticulously maintained, with 51% of units fully renovated and an additional 10% partially renovated. The in-place renovation program provides prospective buyers with a proven value-add roadmap and demonstrated rental premiums. As Boise continues to experience rapid growth and shifting demographics, Central Pointe is positioned in a high-demand area, making it an ideal investment for those looking to enter or expand their presence in the Boise market.
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