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
Price:
$9,800,000
MLS #:
2177735
Status:
Active
Baths:
0
Type:
Commercial
Subdivision:
BLACKFOOT-BING
Listed Date:
Jun 25, 2025
Finished Sq Ft:
38,800
Lot Size:
186,436 sqft / 4.28 acres (approx)
Year Built:
2023
Blackfoot-bing
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Taxes
$15,000
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Community
- Address788 Broadway Street BLACKFOOT ID
- SubdivisionBLACKFOOT-BING
- CityBLACKFOOT
- CountyBingham
- Zip Code83221
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788 Broadway Street
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