385-391 Jeremy Ln Blackfoot, ID 83221
- Apartment buildings
- 3,690 SF
Current Use by Public Records
- Apartment buildings
Property Details for 385-391 Jeremy Ln
- Year built
- 2025
- Property size
- 3,690 SF
- Property type
- Apartment buildings
Description
This exceptional new construction four-plex in Blackfoot, Idaho, presents a compelling investment opportunity. Located at 385-391 Jeremy Lane, 83221, this Class A property boasts a total of 3,690 square feet and comprises four individually parceled two-bedroom, one-and-a-half-bathroom townhomes. Each unit features modern finishes including granite countertops and luxury vinyl plank flooring, and is projected to command a monthly rent of $1,250, resulting in a potential annual gross income of $60,000. The property is situated within a vibrant community offering an array of amenities, including a swimming pool, clubhouse, fitness center, basketball and pickleball courts, and a playground. Built in 2025, this one-building, two-story complex is priced at $780,000, representing a price per unit of $195,000 and a price per square foot of $211.38. The property's Net Operating Income (NOI) is projected at $40,200, yielding a 5.15% capitalization rate. Estimated annual property taxes are $8,000 per building, and the HOA fee is $75 per unit per month. This turnkey investment is ideal for investors seeking strong returns in a desirable Idaho location. The property is not subject to a ground lease.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Blackfoot
- County
- Bingham
- State
- Idaho
- Longitude
- -112.328
- Latitude
- 43.1789
