2015 Lawrence Ln Blackfoot, ID 83221
- Apartment buildings
- 6,280 SF
Current Use by Public Records
- Apartment buildings
Property Details for 2015 Lawrence Ln
- Year built
- 2024
- Property size
- 6,280 SF
- Property type
- Apartment buildings
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Blackfoot
- County
- Bingham
- State
- Idaho
- Longitude
- -112.33
- Latitude
- 43.1795
