16090 Merchant WayNampa, ID 83687

Property Details for 16090 Merchant Way

Year built

2021

Lot size

0.61 AC

Property size (Sq ft)

12,241 SF

Property type

Apartment buildings

Description

This exceptional Class A, 12-unit apartment building presents a compelling investment opportunity in Nampa, Idaho. Located at 16090 N Merchant Way, this 2021-built property boasts a total of 12,241 square feet situated on a 0.61-acre lot. The building comprises three stories and features a mix of six one-bedroom, one-bathroom units and six three-bedroom, two-bathroom units, all currently enjoying 100% occupancy. The property's strong financial performance is reflected in its $3,500,000 asking price, a $285.92 price per square foot, and a noteworthy $177,015 Net Operating Income (NOI), resulting in a 5.06% capitalization rate. Each unit commands a price of $291,666.67. Conveniently located near the I-84 Karcher Road exit/entrance, this property benefits from proximity to Costco, various grocery stores, restaurants, and entertainment venues. An on-site office adds to the property's operational efficiency. This is a turnkey investment ready for immediate income generation. The building's modern design and prime location ensure strong rental demand and long-term value appreciation. This is a rare opportunity to acquire a high-performing multifamily asset in a thriving Idaho market.

Location Insight

City

Nampa

County

Canyon

State

Idaho

Latitude

43.6063

Longitude

-116.591

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