788 S Broadway Street
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.
Broker Details
Keller Williams Realty East Idaho (208) 529-8888
MLS ID: 3046_10239
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $9,800,000 |
| No. of Units: | 42 |
| Year Built: | 2023 |
| Lot Size: | 38,800.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $233,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 99 |
| Number of Bathrooms: | 82 |
ID: 3yd-SNRMLSID-2177736
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