788 S Broadway ST, Blackfoot, ID 83221 - MLS#2175758

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Valorie Blanchard

val@valorieslist.com +1(208) 403-1859

$9,800,000

Est. payment - /mo

38,800 SqFt

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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

Construction Status Existing

HOA Y/N no

Annual Tax Amount $15,000

Tax Year 2024

Lot Size 4.280 Acres

Acres 4.28

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

Rooms

Basement None

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

Construction Status Existing

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Not Applicable

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Listed by Keller Williams Realty East Idaho

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Valorie Blanchard

+1(208) 403-1859

Broker Associate

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788 S Broadway ST Blackfoot, ID 83221

Valorie Blanchard

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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