2015 Lawrence LnBlackfoot, ID 83221

Property Details for 2015 Lawrence Ln

Year built

2024

Property size (Sq ft)

6,280 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a newly constructed fourplex in Blackfoot, Idaho. The property comprises four individually parceled, three-bedroom, 2.5-bathroom townhomes, each spanning 1,570 square feet. Boasting a total of 6,280 square feet, the building offers a compelling bulk purchase price of $950,000, representing a price per unit of $237,500 and a price per square foot of $151.27. Each unit features high-end finishes including granite countertops and upscale laminate flooring, along with central air conditioning. The master suite includes a walk-in closet and a bathroom with double sinks and a stand-up shower. Currently leased at $1,595 per month per unit, generating a substantial rental income stream, the property also benefits from a low HOA fee of $75 per unit ($300 total) covering lawn care, snow removal, exterior insurance, and community amenity maintenance. Community amenities include a pool, clubhouse with a workout area, and playgrounds, with future additions planned, such as a lap pool, basketball, and pickleball courts. Projected annual property taxes are estimated at $14,000. Individual units are currently under contract for $260,000 each, highlighting strong market demand. This turnkey investment offers a 5.11% cap rate and is situated in a rapidly growing community known for its quality of life and economic stability, making it an ideal opportunity for investors seeking immediate income and long-term appreciation. The building was constructed in 2024 and features two stories.

Location Insight

City

Blackfoot

County

Bingham

State

Idaho

Latitude

43.1795

Longitude

-112.33

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