Stonegate Mobile Home Park

790 N Riviera Dr, Boise, ID 83703

  • For Sale $6,200,000
  • Property Type Multi-Family
  • Property Size 1 SF
  • Units 57
  • Lot Size 6.96 Acre
  • Building Class A
  • Year Built 1972
  • Year Renovated 1986
  • Date Updated Jan 15, 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

Contacts

broker
Andrew Boespflug

TOK Commercial

Location

Getting Around

  • Walk Score ®

    48/100 Car-Dependent

  • Transit Score ®

    28/100 Some Transit

  • Bike Score ®

    87/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • Taco Bell

    0.28 miles

  • Jack in the Box

    0.31 miles

  • Kibrom's Ethiopian & Eritrean Food

    0.36 miles

  • Caffe Luciano’s

    0.47 miles

  • Wendy's

    0.47 miles

  • Alyonka Russian Cuisine

    0.47 miles

  • Pizza Hut

    0.50 miles

  • Viking Drive-Inn

    0.52 miles

  • Wepa Cafe

    0.66 miles

  • The Lift Bar and Grille

    0.73 miles

  • Lowell Elementary School

    0.47 miles

  • Taft Elementary School

    0.58 miles

  • St. Mary's Catholic School

    0.58 miles

  • Future Public School

    0.66 miles

  • Whittier Elementary School

    0.71 miles

  • Anser Charter School

    0.79 miles

  • Madison Early Childhood Center

    0.99 miles

  • Koelsch Elementary School

    1.29 miles

  • Washington Elementary School

    1.37 miles

  • North Junior High School

    1.56 miles

  • Faye's Family Daycare

    0.61 miles

  • Kangaroo Clubhouse

    1.15 miles

  • GiraffeLaugh

    1.68 miles

  • Hugs Child Development Center

    2.15 miles

  • Northview Montessori

    2.24 miles

  • Creative Children's Center

    2.36 miles

  • Boise Daycare & Learning Center

    2.56 miles

  • Hillview Preschool

    2.76 miles

  • River Academy

    2.83 miles

  • Advantage Early Learning Center

    3.30 miles

Frequently Asked Questions

How much does Stonegate Mobile Home Park cost?

The space currently listed for sale at Stonegate Mobile Home Park asks for $6,200,000.

What is the total square footage of Stonegate Mobile Home Park?

Stonegate Mobile Home Park totals 1 square feet.

When was this property built?

Stonegate Mobile Home Park was built in 1972.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Andrew Boespflug

TOK Commercial

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