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
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $685,000 | $173 | eXp Realty LLC |
Year | Annual Amount | Description |
---|---|---|
2024 | $3,224 |
High School Emerson High School Altern | 0.6 miles away | 09 - 12 | |
Elementary & Middle School White Pine Charter School | 0.6 miles away | KG - 08 | |
Senior High School Idaho Falls Senior High School | 0.7 miles away | 10 - 12 |