Listed by Colliers - Boise, Idaho
$6,200,000
Lenity Multifamily Land
Details
APN R32555012A0, R3255501200
Property Type Multifamily, Land
Sub Type Residential
Units 180
NOI $2,462,289
Buildings 5
Stories 3
Acreage 9.376
Zoning High density residential
Investment Type Redevelopment
Multifamily | 180 Units
Marketing description
Approved for 180 Multifamily Apartments, 1 Commercial/Daycare Lot, Clubhouse and Pool, & 11 Townhomes. This development land opportunity includes two pricing options:
Land with construction drawings, permits & vertical construction drawings at $6,200,000 ($33,333 per unit), or apartment units completed with build ready commercial/daycare pad, clubhouse/pool at $41,400,000 ($230,000 per complete unit). Separately available are a commercial/daycare lot and 11 townhome lots.
Investment highlights
- Approved for 180 Multifamily Apartments, 1 Commercial/Daycare Lot, Clubhouse and Pool, & 11 Townhomes
- Land with construction drawings, permits & vertical construction drawings - $6,200,000 - $33,333 per unit
- Apartment units completed with build ready commercial/daycare pad, clubhouse/pool - $41,400,000 - $230,000 per complete unit
- Separately available are a commercial/daycare lot and 11 townhome lots
Listing Contacts
Listed by Colliers - Boise, Idaho
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$2,462,289.00
$205,190.75/mo
Valuation Metrics
0
DSCR
39.71%
Cap Rate
39.71%
ROI
Map
Zoning
R-3 ResidentialTwo FamilyHigh Density Residential
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View all 126 uses
View all 126 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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