788 S Broadway St Blackfoot, ID 83221

Listing office Keller Williams Realty East Idaho k***@legacyranchproperties.com Show Phone

Listing date Jun 25, 2025

Source Exprealty

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Investment Insights

Based on property information with market context.

Slate Mountain Mobile Home Park is a stabilized, multi-income investment property located at 788 S Broadway in Blackfoot, Idaho. The property includes 38 newly installed manufactured homes (2023 models), 40 self-storage units, and 3 updated apartments. Additionally, there is a leased laundromat and a commercial building with two long-term tenants, one of which is the Humane Society. The property is professionally managed via AppFolio and features modern infrastructure, including paved roads, fiber internet, city utilities, and separate metering. The layout is community-focused, with dedicated parking and central green space. The property is designed to enhance tenant satisfaction and reduce wear. The projected Net Operating Income (NOI) is $582,249 by 2027. A professionally engineered cost segregation study unlocks $3.4M in first-year accelerated depreciation, estimated at $1.2M in tax deductions. This property is suited for 1031 buyers, private investors, or real estate funds seeking scalable, recession-resilient income.

Key Highlights

• Fully stabilized, multi‑income investment property with diverse income streams (manufactured homes, storage units, apartments, laundromat, commercial building).
• Newly installed (2023) manufactured homes and updated apartments.
• Projected NOI of $582,249 by 2027 and a 6% stabilized cap rate.

Property Analytics

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FAQs

What type of property is this?

Mobile home & RV park - Turnkey asset with mobile homes, storage, apartments, laundromat, and commercial space.

Where is this mobile home & rv park located?

The property is located at 788 S Broadway St Blackfoot, ID.

What is the asking price?

The asking price for this property is $9,800,000.

What are key features of this property?

This property features: Fully stabilized, multi‑income investment property with diverse income streams (manufactured homes, storage units, apartments, laundromat, commercial building).; Newly installed (2023) manufactured homes and updated apartments.; **Projected NOI of $582,249 by 2027 and a 6% stabilized cap rate.**