857 Malta Ave Burley, ID 83318

Property Details for 857 Malta Ave

Lot size

1.78 lot acres

Property size

26,654 SF

Property type

Commercial real estate

APN

RPBB0010130060

Description

This exceptional investment opportunity presents a portfolio of three fully leased multifamily properties in Burley, Idaho. Comprising eight duplexes and two triplexes, the portfolio boasts a total of 26 units across 26,654 square feet, situated on 1.78 acres of land. Built between 2018 and 2020, these well-maintained properties enjoy 100% occupancy and a strong history of reliable tenants. Twenty of the units include garages, adding significant value. The properties are strategically located in a rapidly growing area of Burley, offering convenient access to major roadways, retail amenities, and services, including the Burley Municipal Airport. The portfolio benefits from its proximity to the College of Southern Idaho, providing a consistent student population, and major employers such as Cassia Regional Hospital, McCain Foods, and Dot Foods, ensuring stable tenant demand. The asking price is $4,677,810, representing a price per unit of $179,916 and a price per square foot of $175.50. The portfolio generates a substantial net operating income (NOI) of $245,585, yielding a 5.25% cap rate. An additional 0.287 acres of development land is included, presenting further potential for expansion or future development. This is a rare opportunity to acquire a high-performing, well-located multifamily portfolio in a thriving Idaho community. The portfolio's strong financials, coupled with its desirable location and recent construction, make it an attractive investment for discerning buyers.

Location Insight

City

Burley

County

Cassia

State

Idaho

Longitude

-113.785011

Latitude

42.5427663