5106 W Fairview Ave, Boise, ID 83706
- $4,300,000
Courtesy of Silvercreek Realty Group. Main: 208-377-0422
- List Price
- $4,300,000
- Status
- ACTIVE
- Days on Market
- 91
- Price Change
- ▼ $700,000 1779827348
- MLS#
- 98984149
- Lot Size
- 84,419
- Acres
- 1.94
- Subdivision
- Cruzen Mtn View
Property Description
Fairview Village represents a two-phase multifamily development, approved by Boise's Design Review Commission following rigorous public review. A fully entitled, 205-unit multifamily opportunity on the Boise Bench that's ready for the developer who moves with conviction. The current Podium build, designed for maximum capital efficiency, with a unit mix built to capture Boise's most active rental demand segment: workforce and moderate-income households. Utilize flexible execution paths like layered public financing (LIHTC, HUD 221(d)(4), tax-exempt bonds) or a pivot to market-rate garden-style delivery with a strategic capital stack. Boise's fundamentals do the talking: 3.2% rent growth, sub-5.4% vacancy, and a supply pipeline that has materially contracted. The entitlements are done. The only question is who's ready to build. This is the deal for a developer who knows that the best time to move in Boise was five years ago, and the second best time is now.
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Additional Information
- Taxes
- $17,957
- School District
- Boise School District #1
- Elementary School
- Koelsch
- Middle School
- Fairmont
- High School
- Capital
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