
Unlock the Power of Home Equity with a HECM
If you’re over 62 years old and own your home, you have an opportunity to unlock the power of home equity.
1.53 Acres | $3,500,000
Located just blocks from the Water Front District, the White Water Park & Recreational Area, the Boise Greenbelt, the Farmer’s Market, the Riverside Hotel, the Connector to I84 and Downtown Boise, this property is in the heart of the up & coming Work/Live/Create (WLC) District in Garden City.
The WLC District future use plan includes mixed high density residential combined with retail, entertainment, food/drink and artistic space. Garden City’s Comprehensive Plan speaks volumes about this area situated between the major thoroughfare of Chinden Blvd and the Boise River’s recreational opportunities, with West & East boundaries between the Connector and Veteran’s Memorial Parkway. This already popular area is currently undergoing Urban Renewal and is expected to grow exponentially over the next 5 years as it continues to fill in.
Rental market trends indicate a strong rental market with high demand and low inventory delivering competitive rental rents The WLC District is adjacent to the White Water + VMP District and Downtown Boise, both attracting high end renters desiring to be close to this area’s recreational opportunities and proximity to downtown and area conveniences. Rent Range: $1,925—$2,100 Rent Growth: 9-15% rent growth YOY per market trends. Vacancy: Last 18 month market conditions prove < 5% annual vacancy rate. Cap Rates: Average 5% in the Boise market.
Seller prefers to sell as bundle for all 5 parcels. Additional 6th parcel is possible to acquire adjacent (SE corner off 34th for additional 0.17 acres highlighted on map). 2.5% cooperative broker commission will be paid to Buyer’s Agent. No entitlement work has been completed. Concept Design for suggested uses above are being presented to the city. Click links for more zoning information.
If you’re over 62 years old and own your home, you have an opportunity to unlock the power of home equity.
34th & Chinden – Garden City, Idaho 3420 W Chinden Blvd, Garden City, ID 83714 1.53 Acres | $3,500,000 SOLD DESCRIPTION Located just blocks from
Substation Road – Emmett, Idaho 1991 S Substation Rd, Emmett, ID 83617 4.86 Acres | $925,000 Under Contract Previous Next Video Overview DESCRIPTION Great location
If you’re over 62 years old and own your home, you have an opportunity to unlock the power of home equity.
34th & Chinden – Garden City, Idaho 3420 W Chinden Blvd, Garden City, ID 83714
Substation Road – Emmett, Idaho 1991 S Substation Rd, Emmett, ID 83617 4.86 Acres |
Central Road – Emmett, Idaho 3505 W Central Rd, Emmett, ID 83617 40 Acres |
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