Stonegate Mobile Home Park

For Sale

790 N Riviera Dr, Boise, ID 83703

This Boise property for sale is located at 790 N Riviera Dr. The general use of Stonegate Mobile Home Park is multi-family and it incorporates 1 square feet of class A multi-family space. The current listed sale price for Stonegate Mobile Home Park is $6,200,000. Stonegate Mobile Home Park is situated on a lot that is 6.96 acre in size.

Contacts

broker
Andrew Boespflug

TOK Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 1 SF
  • Units 57
  • Lot Size 6.96 Acre
  • Additional Rent Contact for pricing
  • Building Class A
  • Year Built 1972
  • Year Renovated 1986
  • Date Updated Jan 13, 2025
Off State St & Whitewater Park Blvd, on Esther Simplot Pond.TOK Commercial, as exclusive advisor is pleased to present the opportunity to acquire Stonegate Manufactured Housing Community, a 57-space community 100% occupied with tenant owned homes. The site is located within the City limits of Boise and adjacent to the Boise River and Esther Simplot Pond. Contract rents are approximately half of market rents ($530 gross vs. $975 net) and are eligible for an immediate rent increase. Current billing includes water and sewer which could be billed separately. The property also includes a former laundry building which has been partially converted to a studio apartment (58-units total). Estimated remaining conversion costs are approximately $50,000. Located 2 miles from downtown Boise, Stonegate is ideally situated along major traffic arterials, adjacent to the Boise River Greenbelt and within walking distance to retail services. The site is adjacent to the former Idaho Department of Transportation campus which is poised for redevelopment into a vibrant mixed-use destination. The site’s R2 zoning allows a mix of high density single and multi-family uses presenting an unparalleled redevelopment opportunity. The idyllic setting close to downtown and along the river, coupled with the below market rents make Stonegate a generational investment opportunity.
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Highlights

  • Water frontage
  • Close-in location
  • 100% occupied
  • All tenant owned homes
  • Public utilities
  • Well below market rents - $530 contract rents (including water and sewer) vs. $975 market rents (excluding water, sewer, and trash)
  • Irrigation water - lower tenant utility cost

Getting around

  • 48/100

    Walk Score ®

  • 28/100

    Transit Score ®

  • 87/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Boise, ID
  • Neighborhood Veterans Park
  • Zip Code 83703
  • Market Boise

Points of Interest

  • Chevron

    0.31 miles

  • Shell

    0.34 miles

  • Sinclair

    0.35 miles

  • Maverik

    0.92 miles

  • Tesla Supercharger

    3.65 miles

  • ChargePoint

    4.06 miles

  • Tesla Destination Charger

    9.52 miles

  • Harrison Hollow Trailhead Parking Lot

    1.48 miles

  • Capitol City Development Corporation

    1.71 miles

  • State of Idaho CMP Parking

    1.79 miles

  • Grove Street Parking Garage

    1.85 miles

  • Wells Fargo Center Parking Garage

    1.89 miles

  • Eastman Garage

    1.90 miles

  • State of Idaho CMP Parking Lot

    1.92 miles

  • City Center Parking Garage

    1.93 miles

  • Capitol & Main Garage

    1.98 miles

  • Boise Centre East

    1.99 miles

  • The Riverside Hotel

    0.85 miles

  • Cottonwood Suites Boise Riverside Downtown

    0.93 miles

  • Boise Inn

    0.98 miles

  • Budget Inn

    1.02 miles

  • Bond Hotel & Extended Stay

    1.16 miles

  • Red Lion Boise Downtowner

    1.21 miles

  • Holiday Motel

    1.21 miles

  • Travelers Motel

    1.33 miles

  • Cabana Inn

    1.34 miles

  • Franklin House

    1.45 miles

  • Albertsons

    0.46 miles

  • Grocery Outlet

    1.24 miles

  • India Foods

    1.49 miles

  • Orient Market

    1.51 miles

  • Hyde Park Mercantile

    1.52 miles

  • Food Land Market

    1.62 miles

  • Campos Market

    1.80 miles

  • Boise Co-Op

    1.93 miles

  • Trader Joe's

    2.05 miles

  • Zacoalco Supermarket

    2.11 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Andrew Boespflug

TOK Commercial