Tbd Airport Rd Blackfoot, ID 83221
- Residential income homes
- 3.02 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 0 Tbd Airport Rd
- Year built
- 2024
- Lot size
- 3.02 lot acres
- Property type
- Residential income homes
Description
Exceptional investment opportunity in Blackfoot, Idaho, featuring 28 newly constructed Class A townhomes, each with three bedrooms, 2.5 bathrooms, and a single-car garage. These 2024-built units boast upscale finishes including quartz countertops, lush carpeting, luxury vinyl plank flooring, stainless steel appliances, and oversized windows. Ample closet space and built-ins enhance functionality. The property sits on a 3.02-acre lot and includes 28 individual storage units, generating additional rental income. The meticulously landscaped grounds feature automatic sprinklers. Further revenue streams are projected from managing internet services for the residents. Each townhome is situated on a separate parcel, offering flexibility for individual sales or continued portfolio management. The property is zoned R2 and offers a 5.10% cap rate with an asking price of $9,300,000. Estimated completion is December 2024. This eight-building, two-story complex presents a compelling opportunity for significant returns.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Blackfoot
- County
- Bingham
- State
- Idaho
- Longitude
- -112.328
- Latitude
- 43.2073
