$9,800,000

788 S Broadway Street , Blackfoot, ID 83221

 
Bedrooms:99 beds
Bathrooms:82 baths
Other:38,800 sqft
Lot:4.28
Year Built:2023
Listing Status:Active

Listing Agent

Anderson Hicks Group
http://www.kellerwilliamsrealtyeastidaho.com
Loan Amount:
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These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

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.

Detailed Items

Other Information

788 S Broadway Street, Blackfoot, ID, 83221 is a other listing of 38,800 sqft on a lot of 4.28. This other listing has 99 bedrooms, and 82 baths. The map for this location can be viewed on Google maps at Google maps to property788 S Broadway Street, Blackfoot, ID
Copyright © 2025 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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