0 Furrow Dr Parkinson, ID 83448
This exceptional investment opportunity presents an eight-unit townhome complex in Sugar City, Idaho, currently under construction with an estimated completion date of early summer 2024. Located on Furrow Dr, this property boasts a total of 12,480 square feet on a 0.176-acre lot, zoned R3- High Density Residential. Each of the eight units features two parking spaces and offers a desirable floor plan seamlessly integrating the living room, dining area, and kitchen. Kitchens include crisp white cabinetry and granite countertops. A powder room is conveniently located on the main level, while all bedrooms are situated upstairs for privacy. In-unit laundry adds to the convenience. The property's prime location offers easy access to US-20 E, Sugar City schools (1.5 miles), and Sugar City's amenities. It's also within 2 miles of Rexburg's northern corridor, providing access to shopping, dining, and entertainment. The asking price is $2,540,800, representing a price per unit of $317,600 and a price per square foot of $203.59. The property is currently vacant. A $50 HOA transfer fee per unit is payable by the buyer at closing
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.