788 Broadway Street, Blackfoot, ID 83221 - MLS#2177735

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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 Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 38,800 sqft

Price per Sqft $252

Subdivision Blackfoot-Bing

MLS Listing ID 2177735

Year Built 2023

Annual Tax Amount $15,000

Tax Year 2024

Lot Size 4.280 Acres

Property Sub-Type Business

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

Cooling Central Air

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

Exterior

View Y/N No

Roof Type Architectural,Metal

Garage No

Private Pool No

Building

Foundation Slab

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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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 Broadway Street Blackfoot, ID 83221

Valorie Blanchard

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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