Sleepy Hollow Apartments | 9557 W State St
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Sleepy Hollow Apartments 9557 W State St
44 Unit Apartment Building $15,250,000 ($346,591/Unit) 4.47% Cap Rate Boise, ID 83714
Executive Summary
Beautiful 44 unit apartment complex for sale. Condo overlay has been completed. These units can be sold individually and each unit includes a legally assigned one car garage. Each unit offers plenty of storage spaces with an extra large pantry, large linen closet, coat closet, master suite walk in closet, and storage above the washer & dryer. Sleek design offers beautiful flooring, sparkling white quartz counters and stainless steel appliances including a water/ice dispenser. Units also include access to office with small fitness center. There is an HOA established however, being operated as an apartment complex and therefore not currently in use. This complex is very well located near downtown Boise, Walmart, Northgate and Glenwood Shopping Centers, and new retail on the north side of State Street including restaurants & entertainment. Agent is related to the Seller.
Property Facts
| Price | $15,250,000 | Apartment Style | Low Rise |
| Price Per Unit | $346,591 | Building Class | B |
| Sale Type | Investment | Lot Size | 3.03 AC |
| Cap Rate | 4.47% | Building Size | 65,870 SF |
| No. Units | 44 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 6.67/1,000 SF |
| Price | $15,250,000 |
| Price Per Unit | $346,591 |
| Sale Type | Investment |
| Cap Rate | 4.47% |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 3.03 AC |
| Building Size | 65,870 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 6.67/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+2 | 4 | - | 803 |
| 2+2 | 4 | - | 1,028 |
| 3+2 | 36 | - | 1,242 |
zoning
| Zoning Code | MU-DA |
| MU-DA |
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Sleepy Hollow Apartments | 9557 W State St
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