2015 Lawrence Ln Blackfoot, ID 83221

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.