$9,800,000
bedrooms
0
bathrooms
0
square feet
0
Acreage
4.28
Open Houses
-
year built
2023
Full Baths
0
Half Baths
0
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 | |
Subdivision | Broadway-bing |
County | Bingham |
Elementary School | - |
Middle School | - |
High School | - |
Find out more
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MLS number: 2175749
Listing agent:
Anderson Hicks Group
Listing broker:
Keller Williams Realty East Idaho
(208) 529-8888
Copyright © 2025 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Thursday, April 17 2025 at 9:49 p.m. EDT
Kotohomes National