Teton View Village

7551 Mountain Laurel Drive, Victor, ID 83455
Status: Escrow
Year Built: 2002
Price: UNPRICED OFFERING
For more information please contact:
john@lihtcadvisors.com
# of Units: 32
# of Buildings: 7
# of Stories: 2
Rentable SF: 33,056

Highlights:

  • Victor is a Bedroom Community for the Nearby Resort Area of Jackson Hole, Wyoming
  • 12%+ AMI Growth Since 2017
  • Assumable HOME Loan with Appealing 1% Interest Rate
  • T-12 Vacancy Loss Less Than 3%

Description:

Teton View Village Apartments is a 32-unit affordable housing community located in Victor, ID. The property is situated eight miles from Driggs and 35 miles from the resort town of Jackson Hole, WY.

Teton View Village was built and placed in service in 2002 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place with the Idaho Housing and Finance Association which requires all units to be rented to income qualifying tenants earning no more than 30%, 30% HOME, 40%, 40% HOME, 50%, and 60% of the Area Median Income. The property is beyond its initial tax credit compliance period.

Victor is the largest city in Teton County, Idaho, with a population of 1,928, up from 840 at 2000. It is part of the Jackson, WY-ID Micropolitan Statistical Area.

The city, as well as other surrounding communities, have become a bedroom community for the nearby resort area of Jackson Hole, accessed over Teton Pass in Wyoming.

Points of Interest

Grand Teton National Park: A national park that includes the Teton Mountain Range, roughly 310,000 acres. The park brings in more than two million recreational tourists each year and is roughly 5 miles away from Jackson.

Yellowstone National Park: Yellowstone extends through Wyoming, Idaho, and Montana. This park was the first national park in the country, and brings in roughly four million visitors each year, and is less than 60 miles away from Jackson.

National Elk Refuge: The refuge was created to shelter one of the largest elk herds in the country and borders the town of Jackson. Throughout the winter visitors can go on horse-drawn sleigh rides to view the herd.

Jackson Hole Mountain Resort: The resort opened in 1966, 12 miles north of Jackson. It has abundant steep terrain and has one of the highest vertical drops in North America, at 4,139 feet.

Snow King Mountain Resort: The first ski resort in Jackson and is significantly cheaper than Jackson Hole Mountain Resort. Even though Snow King is cheaper it is still quite a challenging hill. This resort is located on the Southeast edge of town.

Grand Targhee Resort: About an hour away, 42 miles, on the west side of the Teton Range in Alta, opened in 1969, it is accessed through Idaho over Teton Pass.

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