1 Downey, ID 83234
This exceptional investment opportunity in Downey, Idaho, presents a unique blend of residential and commercial income streams. The property features a recently updated one-bedroom home, providing immediate rental income or comfortable owner-occupied living. Adding significant value are nine (9) 13x32 storage units, generating consistent rental revenue. The property sits on a desirable 0.1-acre corner lot, offering excellent visibility and accessibility. The strategic location presents a significant advantage, particularly during the annual Downey County Fair, where additional income can be generated by renting out available parking spaces. This turnkey investment is priced at $395,000 and offers a compelling return on investment through both residential and commercial rental income. The updated home provides comfortable living space, while the nine storage units offer a reliable source of passive income. The ample lot size and prime corner location further enhance the property's value and potential for future expansion or development. This is a rare opportunity to acquire a diversified income-producing property in a thriving Idaho community. The combination of residential and commercial components provides a balanced and resilient investment portfolio, making this an attractive option for both seasoned investors and those seeking a stable, high-yield investment. The potential for additional income from parking further strengthens the property's financial prospects. Don't miss this chance to secure a profitable and versatile investment in Downey, Idaho.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.