1220 S Boulevard Active Save Request In-Person Tour Request Virtual Tour
Idaho Falls,ID 83402
Key Details
Property Type Commercial
Sub Type Real Estate Only
Listing Status Active
Purchase Type For Sale
Square Footage 3,959 sqft
Price per Sqft $164
Subdivision Original Townsite
MLS Listing ID 2178698
Year Built 1920
Annual Tax Amount $3,224
Tax Year 2024
Lot Size 8,502 Sqft
Property Sub-Type Real Estate Only
Property Description
5-Unit Investment Property, Long-Term Tenants, Ground-Level Units, 4.84% Cap Rate. Steady income and solid fundamentals in this classic 5-unit apartment building, built in 1920. All units are ground-level, with simple, functional layouts that have kept long-term tenants in place. The property includes four garage spaces and additional off-street parking. It's been well-maintained and delivers consistent returns. Currently operating at a 4.84% cap rate, this is a straightforward opportunity for investors seeking stable cash flow with room for future value-add improvements. Driveway, curb and gutter have been recently replaced. Lots of extras doors & supplies
Location
State ID
County Bonneville
Area 3959
Zoning General Zoning: Tn-Trad Neigh,Specific Zoning: Idaho Falls-Tn-Traditional Nbh
Interior
Heating Electric
Cooling None
Inclusions Kitchen Appliances, Coin Laundry In Basement
Exterior
Parking Features Off Street,On Street,Garage
Garage Spaces 6.0
Garage Description Off Street,On Street,Garage
View Y/N No
Roof Type Membrane
Building
Lot Description Near Schools,Established Lawn,Many Trees,Sprinkler Auto,Corner Lot
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard