195 4Th St Idaho Falls, ID 83401

Property Details for 195 4Th St

Year built

1929

Lot size

0.29 lot acres

Property size

7,349 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 10-unit multifamily property located in Idaho Falls, ID, at 195 4th St, 83401. The property, totaling 7,349 square feet, comprises three buildings situated on a 0.29-acre lot. Built in 1929 and renovated in 1980, the property is classified as Class C and zoned for traditional neighborhood use. The asking price is $1,200,000, representing $120,000 per unit and $163.29 per square foot. The property boasts a mix of unit sizes, including one- and two-bedroom apartments, ranging from approximately 500 to 1100 square feet. Specific unit layouts include: 177 4th St (3bd/1ba, 1100 sq ft), 179 4th St (1bd/1ba, 700 sq ft), 181 4th St (2bd/1ba, 900 sq ft), 185 4th St (1bd/1ba, 625 sq ft), 187 4th St (1bd/1ba, 625 sq ft), 191 4th St (1bd/1ba, 550 sq ft), 195 4th St (2bd/1ba, 900 sq ft), 352 S Lee (1bd/1ba, 600 sq ft), 354 S Lee (1bd/1ba, 600 sq ft), and 356 S Lee (1bd/1ba, 500 sq ft). The property is currently 100% occupied and features seven garage stalls with additional monthly rental income. A private parking lot is also available. This property presents a significant value-add opportunity due to the potential for renovations and remodeling to increase rental income. Showings are available after acceptance of a Purchase and Sale Agreement