BEDS99
BATHS82 full
SQUARE FEET38,800
MLS#2177736
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBLACKFOOT-BING
Property Description
Slate Mountain Mobile Home Park is a fully stabilized, multi-income investment in one of Southeast Idahos 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Electric, Natural Gas
Lot Size: 4.28 Acres
Roof Type: Architectural, Metal
Taxes: $15,000
Year Built: 2023
Units
Unit Type 1:
Bedrooms: 25
Bathroom(s): 1
Rent: $1445.00
Square Footage: 1000
Unit Type 2:
Bedrooms: 2
Bathroom(s): 1
Rent: $1145.00
Square Footage: 600
Unit Type 3:
Bathroom(s): 1
Rent: $2250.00
Feature Descriptions
Amenities: Additional Storage, Coin Operated Laundry
Days on Site: 280
Exterior: Block, Brick, Hardboard/Composition, Vinyl Siding
Flood Plain: No
Foundation: Slab
Handicap Access: 0
HOA Y/N: No
Owner Pays: Common Area Maintenance, Grounds Care, Snow Removal, Trash Collection
Sewer: Public Sewer
SQFT Above Grade: 38800
Tenant Pays: Cable TV, Gas, Electricity, Sewer, Water
Units: 42
Water: Public
Local Schools
High School: BLACKFOOT 55HS
Middle School: Mountain View Middle Scool
Elementary School: Riverbend Elementary
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty East Idaho
Agency Phone: 2085298888
Shown By
Agency Title: Coldwell Banker Tomlinson
Agency Phone: (208) 243-7334
Estimate Your Payment
Estimated Payment
$ 25,918.88 per month $21,810.55 Principal & Interest $1,250.00 Property Tax $2,858.33 Homeowner's Insurance
788 S Broadway Street | MLS# 2177736
This multi-family property located at 788 S Broadway Street, Blackfoot, ID 83221 is currently listed for sale with an asking price of $9,800,000. Search Blackfoot real estate on www.cbidahofalls.com today.