788 S Broadway ST Active Save Request In-Person Tour Request Virtual Tour
Blackfoot,ID 83221
Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 38,800 sqft
Price per Sqft $252
Subdivision Broadway-Bing
MLS Listing ID 2175758
Style All Units on Same Level,Separate Buildings,Other-See Remarks
Annual Tax Amount $15,000
Tax Year 2024
Lot Size 4.280 Acres
Property Sub-Type Residential Income
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
Exterior
Exterior Feature Block,Brick,Hardboard/Composition,Vinyl
Utilities Available Separate Power Meters,Separate Heat,Separate Water Heaters
Amenities Available Additional Storage,Coin Operated Laundry
Roof Type Architectural
Building
Sewer Public Sewer
Water Public
Structure Type Block,Brick,Hardboard/Composition,Vinyl
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