788 Broadway Street
Blackfoot, ID

Description

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.

General Information

• MLS #
  2177735
• Price
  $9,800,000
• County
  Bingham
• Status
  Active

Property

• Stories
  0
• Heat
  Electric, Natural Gas
• A/C
  Central Air
• Water
  Public
• Sewer
  Public Sewer
• Terms
  Cash, Conventional, 1031 Exchange
• SQFT
  186,436.80
• Acres
  4.28
• Current Use
  Trailer/RV Park
• Listing Office
  Keller Williams Realty East Idaho