This property is Off-Market

1461 Benton St.
Idaho Falls, ID 83401 ·

29 Units · Multifamily For Sale

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BENTON ST. APARTMENTS

Price N/A Cap Rate 7.06%
No. Units 29 Occupancy 97%
Building Size 23,040 SF No. Stories 2
Property Type Multifamily Year Built 1973
Property Sub-type Garden/Low-Rise Lot Size 45,225 SF
Property Use Type Investment
Listing ID: 15352155 Date Created: 09/24/2007 Last Updated: 06/20/2008

Description

The Benton St. Apartments consist of 29 two bedroom one bath 750sf units plus an on site coin-op laundry facility in 5 separate buildings. Scheduled gross rents are just over $136,000 per year based on current rent of $375 to $400 per unit which is well below this areas market rent of $425 to $450 per unit, this offers a huge potential upside to increase rents, NOI, cap rate, and your investment opportunity. See attached Word Doc flyer for more details.

Centrally located in the Heart of Idaho Falls this property sits on the corner of St. Clair and Benton St. between 9th Ave and John Adams Parkway. Close to neighborhood schools, The Eastern Idaho Regional Medical Center, and the 17th St. shopping district.

Research

1461 Benton St., Idaho Falls, ID 83401 (Bonneville County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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