195 4Th St, Idaho Falls, ID 83401

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