1220 S Boulevard, Idaho Falls, ID 83402 - MLS#2178698

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Valorie Blanchard

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

$649,900

Est. payment - /mo

5 Baths

3,959 SqFt

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UPDATED:

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

Rooms

Basement Unfinished

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

Garage Yes

Private Pool No

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

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Listed by eXp Realty LLC

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Valorie Blanchard

+1(208) 403-1859

Broker Associate

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1220 S Boulevard Idaho Falls, ID 83402

Valorie Blanchard

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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