788 S Broadway Street Active Save Request In-Person Tour Request Virtual Tour
Blackfoot,ID 83221
Key Details
Property Type Commercial
Sub Type Business w/Real Estate
Listing Status Active
Purchase Type For Sale
Square Footage 38,800 sqft
Price per Sqft $252
Subdivision Broadway-Bing
MLS Listing ID 2175749
Annual Tax Amount $15,000
Tax Year 2024
Lot Size 4.280 Acres
Property Sub-Type Business w/Real Estate
Property Description
Slate Mountain Mobile Home Park is a fully stabilized, multi-income investment in one of Southeast Idaho's strongest growth corridors. Located at 788 S Broadway in Blackfoot, this turnkey asset includes 38 newly installed manufactured homes (2023 models), 40 self-storage units, 3 updated apartments, a leased laundromat, and a commercial building with two long-term tenants, including the Humane Society. All units are professionally managed via AppFolio with modern infrastructure, including paved roads, fiber internet, city utilities, and separate metering. The layout is community-focused, with dedicated parking, central green space, and thoughtful design that enhances tenant satisfaction and reduces wear. With a projected NOI of $582,249 by 2027 and rents steadily increasing, this property delivers a 6% stabilized cap rate at the $9.8M list price. A professionally engineered cost segregation study unlocks $3.4M in first-year accelerated depreciation—estimated at $1.2M in tax deductions—making this a tax-advantaged, cash-flowing opportunity ideal for 1031 buyers, private investors, or real estate funds seeking scalable, recession-resilient income in an emerging Idaho submarket.
Location
State ID
County Bingham
Area Bingham
Interior
Heating Electric,Gas
Cooling Central
Inclusions All units have fridges and stoves, 38 manufactured units also have dishwashers.
Exterior
Exterior Feature Block,Brick,Hardboard/Composition,Vinyl
Roof Type Architectural,Metal
Building
Sewer Public Sewer
Water Public
Structure Type Trailer/RV Park,Other-See Remarks
Others
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Not Applicable
Virtual Tour https://youtu.be/eK52EDnq_5w