The Ivory at Woodruff | 1915 S Woodruff Ave
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The Ivory at Woodruff 1915 S Woodruff Ave
99 Unit Apartment Building For Sale Idaho Falls, ID 83404
Investment Highlights
- The Ivory at Woodruff is a premier 99-unit apartment complex in Idaho Falls with easy highway access and convenience to neighborhood amenities.
- Brand-new, low-rise apartment building with beautiful, modern finishes and features a mix of studio, one-, and two-bedroom units.
- Benefit from the property's strategic location, new construction, and significant occupancy.
- Top-tier tenant amenities include a clubhouse, a weight room, a hot tub, a pickleball court, outdoor seating, grills, green space, and more.
- Conveniently accessible to Interstate 15, Idaho Falls Regional Airport, National Parks, and a wealth of retailers at the Grand Teton Mall.
Executive Summary
The Ivory at Woodruff offers the opportunity to acquire a Class A, 99-unit multifamily property in a vibrant Idaho Falls neighborhood at 1915 S Woodruff Avenue. This 39,222-square-foot low-rise apartment building is brand new construction and comprises a mix of studio, one-, and two-bedroom units. The property features large floor plans, elevators, and ample parking, with 122 total parking spaces, 98 of which are covered.
The Ivory at Woodruff is an attractive destination for potential tenants with a robust collection of amenities, including a clubhouse, a weight room, a hot tub, and a pickleball court. Investors will benefit from the city's vibrant community, continual growth, and significant occupancy.
Idaho Falls is a smaller city with plenty of things to do. Situated in eastern Idaho on the Snake River among the Rocky Mountains, this beautiful city is near Yellowstone and Grand Teton National Parks and Jackson Hole, a nature lover's dream. It provides a sought-after live-work-play environment while hosting a wealth of businesses, restaurants, and entertainment venues.
The Ivory at Woodruff is well-positioned less than five minutes from the Grand Teton Mall, home to several national retailers and dining options. Nearby access to Interstate 15 and Idaho Falls Regional Airport makes traveling in any out of town a breeze.
The Ivory at Woodruff is an attractive destination for potential tenants with a robust collection of amenities, including a clubhouse, a weight room, a hot tub, and a pickleball court. Investors will benefit from the city's vibrant community, continual growth, and significant occupancy.
Idaho Falls is a smaller city with plenty of things to do. Situated in eastern Idaho on the Snake River among the Rocky Mountains, this beautiful city is near Yellowstone and Grand Teton National Parks and Jackson Hole, a nature lover's dream. It provides a sought-after live-work-play environment while hosting a wealth of businesses, restaurants, and entertainment venues.
The Ivory at Woodruff is well-positioned less than five minutes from the Grand Teton Mall, home to several national retailers and dining options. Nearby access to Interstate 15 and Idaho Falls Regional Airport makes traveling in any out of town a breeze.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 3.00 AC |
| No. Units | 99 | Building Size | 154,310 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Low Rise | Parking Ratio | 3.11/1,000 SF |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 99 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 3.00 AC |
| Building Size | 154,310 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 3.11/1,000 SF |
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Lawn
- Patio
Site Amenities
- Clubhouse
- Courtyard
- Fitness Center
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Tennis Court
- Video Patrol
- Grill
- Package Service
- Pet Play Area
- Renters Insurance Program
- Trash Pickup - Door to Door
- Community-Wide WiFi
- Elevator
- Lounge
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,320 | 694 |
| 1+1 | 57 | $1,403 | 708 - 905 |
| 2+2 | 41 | $1,670 | 995 - 1,166 |
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Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Papa Murphy's Take 'N' Bake Pizza | - | - | 4 min walk |
| Java Espress | - | - | 4 min walk |
| Black Bear Diner | - | - | 4 min walk |
| Dairy Queen | - | - | 5 min walk |
| La Fonda Mexican Buffet | - | - | 5 min walk |
| Wendy's | - | - | 6 min walk |
| Papa Murphy's Take N' Bake Pizza | - | - | 6 min walk |
| Great Harvest Bread Company | - | - | 6 min walk |
| Gandolfo's New York Deli | - | - | 5 min walk |
| Sweeto Burrito If | Fast Food | $ | 12 min walk |
Retail |
||
|---|---|---|
| Good 2 Go | Convenience Market | 4 min walk |
| Walgreens | Drug Store | 6 min walk |
| Curves | Fitness | 6 min walk |
| Aaron's | Furniture/Mattress | 8 min walk |
| Natural Grocers | Supermarket | 11 min walk |
| Trek Bicycle | Bike Shop | 11 min walk |
| OneMain Financial | Finance Company | 11 min walk |
| Metro By T-mobile | Wireless Communications | 15 min walk |
Hotels |
|
|---|---|
| Holiday Inn Express |
79 rooms
4 min drive
|
| Hampton by Hilton |
79 rooms
4 min drive
|
| La Quinta Inns & Suites |
84 rooms
5 min drive
|
zoning
| Zoning Code | R2 |
| R2 |
Sale Advisors
Sale Advisors
-
Mike Minnick Mike Minnick -
Randy Trane
- Mike Minnick
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The Ivory at Woodruff | 1915 S Woodruff Ave
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