5-Unit Investment Property, Long-Term Tenants, Ground-Level Units, 4.84% Cap Rate. Steady income and solid fundamentals in this classic 5-unit apartment building, built in 1920. All units are ground-level, with simple, functional layouts that have kept long-term tenants in place. The property includes four garage spaces and additional off-street parking. It's been well-maintained and delivers consistent returns. Currently operating at a 4.84% cap rate, this is a straightforward opportunity for investors seeking stable cash flow with room for future value-add improvements. Driveway, curb and gutter have been recently replaced. Lots of extras doors & supplies
For sale
$685,000
1220 S Blvd, Idaho Falls, ID 83402
8beds
3,959sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$173/sqft
$-- HOA
What's special
Simple functional layoutsFour garage spacesGround-level unitsAdditional off-street parking
- 5 hours
- on Zillow |
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