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William Burns

willoburns@gmail.com +1(208) 970-4956

$ 9,800,000

Est. payment -/mo

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Active

788 S Broadway Street Blackfoot, ID 83221

99 Beds

82 Baths

38,800 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 38,800 sqft

Price per Sqft $252

Subdivision Blackfoot-Bing

MLS Listing ID 2177736

Bedrooms 99

Full Baths 82

Year Built 2023

Annual Tax Amount $15,000

Tax Year 2024

Lot Size 4.280 Acres

Acres 4.28

Property Sub-Type Multi Family

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 38800

Zoning General Zoning: Not Verified,Specific Zoning: Blackfoot-C3-Service Commercia

Rooms

Basement None

Interior

Heating Electric, Natural Gas, Separate Heat

Cooling Central Air

Inclusions All Units Have Fridges And Stoves, 38 Manufactured Units Also Have Dishwashers.

Appliance Separate Water Heaters

Laundry Coin Operated Laundry

Exterior

Community Features Additional Storage

View Y/N No

Roof Type Architectural,Metal

Garage No

Private Pool No

Building

Foundation Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Riverbend Elementary

Middle Schools Mountain View Middle Scool

High Schools Blackfoot 55Hs

Others

Senior Community false

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://youtu.be/eK52EDnq_5w

Listed by Keller Williams Realty East Idaho