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1 Downey, ID 83234

For Sale
$395,000

Updated Home, 9 Storage Units, High Income Potential

Description

Added:
Feb 3, 2025
Days on Market:
306
This exceptional investment opportunity in Downey, Idaho, presents a unique blend of residential and commercial income streams. The property features a recently updated one-bedroom home, providing immediate rental income or comfortable owner-occupied living. Adding significant value are nine (9) 13x32 storage units, generating consistent rental revenue. The property sits on a desirable 0.1-acre corner lot, offering excellent visibility and accessibility. The strategic location presents a significant advantage, particularly during the annual Downey County Fair, where additional income can be generated by renting out available parking spaces. This turnkey investment is priced at $395,000 and offers a compelling return on investment through both residential and commercial rental income. The updated home provides comfortable living space, while the nine storage units offer a reliable source of passive income. The ample lot size and prime corner location further enhance the property's value and potential for future expansion or development. This is a rare opportunity to acquire a diversified income-producing property in a thriving Idaho community. The combination of residential and commercial components provides a balanced and resilient investment portfolio, making this an attractive option for both seasoned investors and those seeking a stable, high-yield investment. The potential for additional income from parking further strengthens the property's financial prospects. Don't miss this chance to secure a profitable and versatile investment in Downey, Idaho.

Property Features for 1

General Information

Property type
Investment properties
Lot Size
4,356 SF

Building Details

Year Built
1975

Property Profile Location Intelligence

Current Use by Public Records

Investment properties

Map

City
Downey
County
Bannock County
State
Idaho
Longitude
-112.1257
Latitude
42.42873

FAQs

What type of property is this?
Investment property - Updated Home, 9 Storage Units, High Income Potential
Where is this investment property located?
The property is located at 1 Downey, ID.
What is the asking price?
The asking price for this property is $395,000.
More about this property
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