788 S Broadway Street, Blackfoot, ID 83221
sale
$9,800,000
|
Other
Courtesy Of Keller Williams Realty East Idaho
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.
Read More About This Property
Read Less About This Property
Copyright © 2026 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: 1-5 Years Old
- Cooling System: Central Air
- Exterior Type: Brick
- Exterior Type: Vinyl Siding
- Exterior Type: Block
- Exterior Type: Hardboard/Composition
- Heating System: Electric (Heating)
- Heating System: Natural Gas
- Legal Description: Exhibit A
- MLSID: 2177735
- Roof Type: Metal
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
