1. Idaho
  2. Blackfoot
  3. 788 S Broadway Street
$9,800,000

788 S Broadway Street, Blackfoot, ID 83221

  • 99 beds |
  • 82 baths |
  • 38,800 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2023
  • Property Lot Size Icon4.28acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $253/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Listing Office:
Keller Williams Realty East Idaho : 208-529-8888
MLS ID:
2175758
  • Appliances: Separate Water Heaters
  • Laundry: Coin Operated Laundry
  • Basement: None
  • A/C: Central Air
  • Heating: ElectricNatural GasSeparate Heat
  • Disability Feature: Handicap Access

This listing courtesy of Keller Williams Realty East Idaho

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

I

I T Stoddard Elementary School

460 York Dr, Blackfoot, ID, 83221

Grades PK-5

0.43 miles away

B

Blackfoot Online School Solution

270 E Bridge St, Blackfoot, ID, 83221

Grades KG-8

0.57 miles away

B

Blackfoot High School

870 S Fisher Ave, Blackfoot, ID, 83221

Grades 9-12

0.42 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.