Historical Multifamily Sale Listing - BENTON ST. APARTMENTS

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BENTON ST. APARTMENTS

1461 Benton St., Idaho Falls, ID 83401

N/A

29 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
29
Building Size:
23,040 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
7.06%
Occupancy:
97%
No. Stories:
2
Year Built:
1973
Lot Size:
45,225 SF
Listing ID
15352155
Last Updated
over 1 year ago

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.

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

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