Henry's Fork Building |
Offered as Part of a 3-Building Multi Family Portfolio | $14,400,000
Pitts West Investments is pleased to present the Henry's Fork Building, a 12-unit apartment building located in the heart of Driggs, Idaho. This asset is one of three identical buildings being offered at $14,400,000, representing a rare opportunity to acquire high-performing, modern multifamily product in a supply-constrained mountain town market.
Property Overview:
Unit Mix (12 total units):
 • 3 × 1BD / 1BA (831 SF)
 • 6 × 2BD / 2BA (1,056 SF)
 • 3 × 3BD / 3BA (1,281 SF)
Total Net Rentable SF per Building: ~12,492 SF Additional Features:
" 6 private storage closets per building (additional revenue potential)
" 2 surface parking stalls per unit
" High historical occupancy
" Strong rental demand in a growing Teton Valley submarket
Investment Highlights:
Below Replacement Cost: Acquire new, high-quality construction at a price well below today's development costs.
Value-Add Opportunities: Enhance revenue through short-term rental conversion, master leasing strategies, or monetizing additional storage.
Prime Location: Steps from Downtown Driggs, Broulim's grocery store, public transit routes, and Teton County's pathway system.
Turnkey Portfolio: All three buildings share identical layouts and finishes, streamlining management and maximizing operational efficiency.
Tight Rental Market: Driggs continues to experience strong demand and limited new supply, supporting future rent growth and appreciation.
This offering provides a compelling opportunity for investors seeking yield, scale, and long-term growth in a high-barrier-to-entry market at the base of the Tetons.
For sale
$4,166,666
655 Centennial Mountain St, Driggs, ID 83422
--beds
0baths
14,448sqft
Est.:
Multi Family
Built in 2022
-- sqft lot
$3,822,400 Zestimate®
$288/sqft
$130/mo HOA
What's special
Surface parking stallsPrivate storage closets
- 8 days
- on Zillow |
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