Movado 60 | 1757 S. Movado
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Movado 60 1757 S. Movado
60 Unit Apartment Building $20,000,000 ($333,333/Unit) 4.73% Cap Rate Meridian, ID 83642
Executive Summary
Apartment complex with 60 units in Meridian, ID. Featuring eighteen 1bd/1ba units, thirty two 2bd/1.5ba units, ten 3bd/2ba townhome units with 2 car garages, 24 hour fitness center and onsite management office. This property has easy access to I-84 and St. Lukes Meridian Medical Center. It is also close to restaurants, grocery stores, hotels and schools.
Property Facts
| Price | $20,000,000 | Apartment Style | Townhome |
| Price Per Unit | $333,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.99 AC |
| Cap Rate | 4.73% | Building Size | 56,276 SF |
| No. Units | 60 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment |
| Price | $20,000,000 |
| Price Per Unit | $333,333 |
| Sale Type | Investment |
| Cap Rate | 4.73% |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 2.99 AC |
| Building Size | 56,276 SF |
| No. Stories | 1 |
| Year Built | 2023 |
Site Amenities
- Wheelchair Accessible
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | $1,595 | 670 - 743 |
| 2+1.5 | 32 | $1,695 | 915 |
| 3+2 | 10 | $1,895 | 1,406 |
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PROPERTY TAXES
| Parcel Number | S1121121032 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $9,979,700 |
PROPERTY TAXES
Parcel Number
S1121121032
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,979,700
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Movado 60 | 1757 S. Movado
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