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Capstone Companies is pleased to present 144 Smith and 135 Davis, a commercial multifamily property located in Nampa, Idaho presents an attractive investment opportunity. with 20 well-maintained units and a strategic location, this property offers potential for rental income growth and long-term stability. The property’s units have been proactively managed and are in excellent condition, reducing the need for immediate capital expenditures. this ensures a seamless transition for potential investors and a
positive tenant experience.
One of the key advantages of this property is its proximity to St. Luke’s Nampa medical Center, one of the largest employers in the area. Being just one exit down I-84 from the medical center provides a stable demand for rental units and guarantees a consistent tenant pool.
Additionally, the property is situated in the Boise/Nampa region, which has experienced significant population growth and a robust job market in recent years. the growing population, combined with a limited housing supply, creates a favorable market for investors to find tenants and maintain high
occupancy rates. The area benefits from a pro-business environment, low unemployment rates, and a thriving local economy, contributing to a stable rental market and overall positive business climate.
Furthermore, ample off-street parking is available, providing convenience and ease of access for tenants.
Considering these factors, the forecasted cap rate of 5.55% in Year One demonstrates the property’s potential for attractive returns. By implementing a strategic approach and effective management, there is significant room for rental growth and increased profitability.
In summary, the 20-unit commercial multifamily property in Nampa, Idaho offers a compelling investment opportunity. With its well-maintained units, proximity to the largest employer in the area, favorable market conditions, and ample off-street parking, this property is poised to deliver consistent rental income and long-term stability.