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    255 Jones Dr Blackfoot, ID 83221

    Sponsored
    For Sale
    $350,000

    Three homes, great rental history!

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional investment opportunity in Blackfoot, Idaho, presents a rare chance to acquire a multi-family property boasting three separate dwellings on a sizable 0.05-acre corner lot. The property is zoned R-2T Mobile Home Residential, allowing for potential expansion with additional manufactured homes. The main house, recently updated with a new roof and exterior paint, offers two bedrooms, one bathroom, and convenient laundry hookups. A second trailer, also featuring fresh exterior paint, provides two bedrooms, two bathrooms, and laundry hookups. A third trailer, situated privately on the corner of the lot, includes three bedrooms, one bathroom, a wood-burning fireplace, and laundry hookups. All three units are equipped with electric utilities and city water, ensuring consistent and reliable service. The property's excellent rental history demonstrates its strong potential for continued income generation. Its prime corner lot location in Blackfoot adds to its appeal, offering easy access and high visibility. This is an ideal investment for those seeking a diversified portfolio with immediate cash flow and significant future growth potential. The existing structures are well-maintained and ready for immediate occupancy, minimizing upfront costs and maximizing return on investment. Don't miss this opportunity to acquire a proven income-producing property in a thriving Idaho community.

    Property Features for 255 Jones Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Blackfoot
    County
    Bingham County
    State
    Idaho
    Longitude
    -112.338
    Latitude
    43.1974

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    FAQs

    What type of property is this?
    Commercial real estate - Three homes, great rental history!
    Where is this commercial real estate located?
    The property is located at 255 Jones Dr Blackfoot, ID.
    What is the asking price?
    The asking price for this property is $350,000.
    (208) 523-6111
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    255 Jones Dr Blackfoot, ID 83221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    255 Jones Dr Blackfoot, ID 83221
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