788 S Broadway Street,Blackfoot, ID 83221
Blackfoot, ID 83221
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.
Details
| MLS # | 2177736 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2023 |
| Days On Site | 495 |
| Listing Provided By | Keller Williams Realty East Idaho | Legacy Ranch Properties |
Features
| Bed(s) | 99 |
|---|---|
| Bath(s) | 82 Total |
| SQ Feet | 38,800 |
| Units | 42 |
| Zoning | General Zoning: Not Verified,Spe |
| Acreage | 4.28 |
Taxes
| Property | 15000 |
|---|
Area Information
| State | ID |
|---|---|
| County | Bingham |
| City | Blackfoot |
| Zip Code | 83221 |
| Community Name | Blackfoot Bing |
| School District | Blackfoot 55HS |
| Elementary School | Riverbend Elementary |
| High School | Blackfoot 55HS |
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Learn More About This Property
| State | ID |
|---|---|
| County | Bingham |
| City | Blackfoot |
| Zip Code | 83221 |
| Community Name | Blackfoot Bing |
| School District | Blackfoot 55HS |
| Elementary School | Riverbend Elementary |
| High School | Blackfoot 55HS |