788 S Broadway St Blackfoot, ID 83221
Estimated payment $54,906/month
Highlights
- No HOA
- Coin Laundry
- Heating System Uses Natural Gas
- Central Air
- Community Storage Space
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,000
Year Built
- Built in 2023
Lot Details
- 4.28 Acre Lot
Home Design
- 38,800 Sq Ft Home
- Brick Exterior Construction
- Slab Foundation
- Architectural Shingle Roof
- Metal Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 99 Bedrooms
- 82 Full Bathrooms
Schools
- Riverbend Elementary School
- Mountain View Middle Scool
- Blackfoot 55HS High School
Utilities
- Central Air
- Heating System Uses Natural Gas
Listing and Financial Details
- Exclusions: Seller Personal Property
- The owner pays for common area maintenance, grounds care, snow removal, trash collection
Community Details
Overview
- No Home Owners Association
- 42 Units
- Blackfoot Bing Subdivision
Amenities
- Coin Laundry
- Community Storage Space
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,747 | $788,350 | $218,350 | $570,000 |
| 2024 | $4,747 | $281,380 | $218,350 | $63,030 |
| 2023 | $3,469 | $281,380 | $218,350 | $63,030 |
| 2022 | $6,414 | $281,380 | $218,350 | $63,030 |
| 2021 | $2,080 | $91,400 | $40,100 | $51,300 |
| 2020 | $2,051 | $91,400 | $0 | $0 |
| 2019 | $2,183 | $91,400 | $0 | $0 |
| 2018 | $2,162 | $85,500 | $40,100 | $45,400 |
| 2017 | $2,044 | $85,500 | $40,100 | $45,400 |
| 2016 | $2,010 | $85,500 | $0 | $0 |
| 2015 | $1,870 | $85,500 | $0 | $0 |
| 2014 | $1,870 | $85,500 | $40,100 | $45,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | For Sale | $9,800,000 | +1879.8% | $253 / Sq Ft |
| 08/07/2014 08/07/14 | Sold | -- | -- | -- |
| 07/08/2014 07/08/14 | Pending | -- | -- | -- |
| 09/16/2013 09/16/13 | For Sale | $495,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Alliance Title Blackfoot Off |
Source: Snake River Regional MLS
MLS Number: 2177736
APN: RP1069601
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Copyright Snake River MLS. All rights reserved. Information is deemed reliable but not guaranteed.
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