Mill Creek Apartments

287 Boise Street, Middleton, ID 83644
Status: Available
Year Built: 2004
Price: $1,500,000
Price Per Unit: $44,118
Price Per SF: $45.51
# of Units: 34
# of Buildings: 4
# of Stories: 2
Rentable SF: 32,958
Lot Size: 2.21 acres
Density: 15.38 Units/Acre

Quick Stats:

  • The Property is Conveniently Located Close to Schools, Shopping, and Highway 44
  • Employment in the Treasure Valley Increased by Over 3.5% in 2017, the Second Largest Growth Rate in the U.S.
  • Excellent AMI Growth in Canyon County with a 9.33% Increase in 2018 and a 26.44% Increase Since 2014
  • The Boise Metro Area Saw a Population Growth of 3.08%, the Highest of any Major Metro Area in the County in 2017

Description:

Mill Creek Apartments is a 34-unit affordable housing community located in Middleton, ID. The property is conveniently located close to area amenities such as shopping, schools, and restaurants as well as Highway 44. Residents benefit from community amenities such as on-site laundry facilities, fitness center, and playground. Unit amenities consists of a patio/balcony and washer & dryer connections.

The property was built and placed in service in 2004 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than 30%, 40%, and 50% of Area Median Income (AMI) limits, which are provided by the Idaho Housing and Finance Association.

Middleton is a city in Canyon County, Idaho, and has a population of 7,566 (as of July 2018) up from 2,978 in 2000. It is part of the Boise City–Nampa, Idaho Metropolitan Statistical Area. Canyon County is tucked on the west end of the beautiful Treasure Valley in the heart of Idaho. Just minutes from the capital city of Boise, it features the perfect mixture of rural and urban living and boasts one of the strongest agricultural economies in the entire state, including one of the fastest growing and premier wine regions in the world – the Snake River Valley. The area’s mild climate makes Canyon County a recreationist’s dream with easy access to popular activities like skiing, snowboarding, hiking, fishing, hunting, boating, bicycling, camping, and golfing. The educational opportunities are abundant with a variety of public, private, and charter schools, as well as two fully accredited universities, Northwest Nazarene University and the College of Idaho, and the state’s largest community college, the College of Western Idaho. Canyon County is also home to two of the premier professional rodeos in the United States, playing host to the Snake River Stampede & Caldwell Night Rodeo each summer.

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