304 West 4th Avenue, Post Falls, ID, 83854, US

Peaks at Falls Park

Asset description

JLL Capital Markets is pleased to present Peaks at Falls Park (the “Property” or “Community”), a 74-unit garden-style community located in Post Falls, ID, adjacent to the scenic Falls Park and just 15 minutes from Coeur d’Alene and 20 minutes from downtown Spokane.

Built in 1994, the asset presents an exceptional value-add opportunity, allowing for the implementation of comprehensive unit renovations and revitalization of community amenities. Situated in one of the premier suburban submarkets of the greater Spokane-Coeur d’Alene area, Peaks at Falls Park benefits from Post Falls’ robust market fundamentals, characterized by consistent population growth and increasing demand for high-quality rental housing.

The Property’s strategic position, only 800 feet from Interstate-90, provides residents with optimal connectivity. This proximity to the region’s primary east-west thoroughfare facilitates convenient access to Spokane to the west and Coeur d’Alene to the east, enhancing the asset’s appeal to a diverse tenant base and supporting long-term demand stability.

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Attributes

Units

Year built

1994

Building area net

5,939 sm

Parking spaces

163

Land area net

1.63 ha

Media

Investment highlights

Adjacent to scenic Falls Park
Tangible value-add repositioning opportunity
Premier suburban submarket with robust market fundamentals and favorable regulatory environment
Rent growth supported by supply constrained submarket
Exceptional connectivity to Coeur d’Alene, downtown Spokane, major thoroughfares, and lifestyle amenities
Appealing alternative to purchasing a home