5 Ways to Price Your Rental Income Property Right
Looking to maximize the value of your rental income property? Discover the strategic approach to pricing.
July 11, 2023
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What’s going on down Chinden west of 10 Mile Road? This Hot Growth Zone already has a lot in motion, and more coming soon!
The introduction of the new Costco on the corner of 10 Mile and Chinden immediately offered consumers much needed shopping alternatives in the Northwest section of Meridian to service the residents of Star, Eagle and even Emmett. Even with a new Winco under construction on the corner of Chinden & Linder, just 1 mile East, the big box stores are soon to follow suit along the West Chinden Corridor. Currently there’s plenty of retail space along Chinden from Linder to 10 Mile, with future commercially zoned land along the frontage of Chinden all the way out to Caldwell.
Subdivisions are being built after years of preparation with over 300 new homes being built within a 5 mile radius of Costco. Down Chinden toward Highway 16, which connects you to Star & Eagle, you’ll find future commercial, office, medical and retail zoning on all 4 corners of this intersection. And another freeway extension down McDermott is in the future plans of Idaho Department of Transportation connecting Gem County to I-84 and further south.
What does that mean for the residents that live and travel through this area? More options for shopping, retail, food and professional services, similar to the growth we experienced on Eagle Road from Chinden to the Freeway years back.
What does this mean for developers, builders and investors? This is a hot area already providing substantial residential growth to an already heavily populated residential area that is starving for more retail, food, dining, entertainment, professional and medical services.
Our team at Idaho Property Investing is ready to help you Find, Assess, Buy, Build, Rent, and Sell your next income property. Contact an Agent at info@idahopropertyinvesting.com
Rental Property Expert & Realtor®
Looking to maximize the value of your rental income property? Discover the strategic approach to pricing.
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The Real Estate Agents of Idaho Property Investing, LLC are part of the Silvercreek Realty Group located in Boise Idaho.
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