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Blackfoot, ID 83221 788 S Broadway Street

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Presented By: Keller Williams Realty East Idaho
  • MLS# 2175758
  • 04/17/2025
  • Request Tour
  • Request Info
  • Beds • 99
  • Baths • 82
  • SQFT • 38,800

Home Details

Slate Mountain Mobile Home Park is a fully stabilized, multi-income investment in one of Southeast Idaho's strongest growth corridors. Located at 788 S Broadway in Blackfoot, this turnkey asset includes 38 newly installed manufactured homes (2023 models), 40 self-storage units, 3 updated apartments, a leased laundromat, and a commercial building with two long-term tenants, including the Humane Society. All units are professionally managed via AppFolio with modern infrastructure, including paved roads, fiber internet, city utilities, and separate metering. The layout is community-focused, with dedicated parking, central green space, and thoughtful design that enhances tenant satisfaction and reduces wear. With a projected NOI of $582,249 by 2027 and rents steadily increasing, this property delivers a 6% stabilized cap rate at the $9.8M list price. A professionally engineered cost segregation study unlocks $3.4M in first-year accelerated depreciation—estimated at $1.2M in tax deductions—making this a tax-advantaged, cash-flowing opportunity ideal for 1031 buyers, private investors, or real estate funds seeking scalable, recession-resilient income in an emerging Idaho submarket.
Presented By: Keller Williams Realty East Idaho

Interior Features for 788 S Broadway Street

Bedrooms

Total Bedrooms99

Bathrooms

Half Baths0
Total Baths82

Other Interior Features

Above Grade Finished Area38800
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
BasementNone
Below Grade Finished Area
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCoin Operated Laundry

General for 788 S Broadway Street

AccessibilityHandicap Access
AppliancesSeparate Water Heaters
Attached Garage No
Building Area UnitsSquare Feet
Carport Y/NNo
CityBlackfoot
Community FeaturesAdditional Storage
ConcessionsNo
Construction MaterialsBlock, Brick, Hardboard/Composition, Vinyl
CoolingCentral Air
CountyBingham
DirectionsHwy 91 to address
ElectricSeparate Power Meters, Idaho Power
Electric On Property Y/NNo
Elementary SchoolRiverbend Elementary
Entry LocationAll Units on Same Level
ExclusionsSeller Personal Property
Full Baths82
Garage Spaces
Garage Y/NNo
HOANo
HeatingElectric, Natural Gas, Separate Heat
High SchoolBlackfoot 55HS
Land Lease Y/NNo
Lease Amount FrequencyMonthly
Legal DescriptionExhibit A
Living Area UnitsSquare Feet
Lot Size Square Feet186436.8
Lot Size UnitsAcres
MLS AreaBlackfoot
Middle/Junior High SchoolMountain View Middle Scool
New ConstructionNo
Number Of Units Total44
OwnerPaysCommon Area Maintenance, Insurance, Grounds Care, Snow Removal, Trash Collection
PossessionClose Of Escrow
Property ConditionExisting
Property SubtypeMulti Family
Property TypeResidential Income
RoofArchitectural
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameBroadway-Bing
Tax Annual Amount15000
Tax Year2024
Tenant PaysCable TV, Gas, Electricity, Sewer, Water
Virtual TourClick here
Waterfront Y/NNo
Year Built2023
Zoning DescriptionGeneral Zoning: Not Verified, Specific Zoning: Blackfoot-C3-Service Commercia

Exterior for 788 S Broadway Street

Building Area Total38800
Covered Spaces
Foundation DetailsSlab
Horse Y/NNo
InclusionsAll Units Have Fridges And Stoves, 38 Manufactured Units Also Have Dishwashers.
Irrigation Water Rights Y/NNo
Lot Size Acres4.28
Lot Size Area4.28
Open Parking Y/NNo
OwnerPhoneSlate Mountain Mobile Home Park
SpaNo
Total Parking0
Water SourcePublic

Additional Details

Price History

Schools

High School Blackfoot 55Hs High School
Middle School Mountain View Middle Scool
Elementary School Riverbend Elementary

Jesus Yerena Delgado

Agent
Price $9,800,000
MLS#2175758
List Date 04/17/2025
Property Type Multi-Family
Phone 801.915.1385
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