29 Unit
Apartment Complex
Idaho Falls,
ID
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| Description
The price has been reduced to $990,000 on
this fantastic investment opportunity in Idaho Falls. Well located
29 unit building with ample on-site parking and potential for
developing additional units. All units are 2-bedroom/1-bath floor
plans and each has its own hot water heater. Units are individually
metered and tenants pay all utilities except house lights and
laundry room. Improvements consist of five 6-unit buildings for a
total of 29 units and a shared laundry room. There is off-street
parking for 60+ cars.
Excellent opportunity for the creative
investor to add value by improving curb appeal & adding
additional garages or rental units. Maximize NOI by raising rents
to market. Proximate to the Teton Mall, schools, public
transportation and employment. Priced at a competitive cap rate.
Strong growth potential in an emerging Idaho market. Only 2 hours
from prestigious Sun Valley and Jackson Hole, WY. Motivated seller
- submit all offers!
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