350 E Street
Property Description
The Wellington is a fully renovated 27-unit apartment building in downtown Idaho Falls, one block from the Riverwalk, with stylish studios and 1-bedrooms designed for long-term renters. Renovated in 2022 with 9' ceilings, sound-dampened walls, LED lighting, secured access, and efficient systems, this property offers low-maintenance operations. Every tenant enjoys high-speed fiber internet, free laundry, assigned parking, and individual storage. Strong rental demand and scarce downtown inventory support steady performance, with high-credit tenants in place. Walkable to the Museum of Idaho, dining, farmers market, bars, shops, and the public library. Great opportunity for investors seeking a solid 1031 exchange or portfolio addition. Rent roll and cap rate available. Sister property nearby also available. Parcels RPA1980007009A & RPA1980007008B - Buyer to verify all info.
Broker Details
Armstrong Flinders and Associates 801-375-1075
MLS ID: 206_2
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,250,000 |
| No. of Units: | 27 |
| Year Built: | 1948 |
| Lot Size: | 22,578.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $157,407 |
| Property Website | Click Here |
| Number of Bedrooms: | 27 |
| Number of Bathrooms: | 27 |
ID: 3yd-SNRMLSID-2185323
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