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Pioneer Crossing Apartments 3040 S South Fork Blvd 220 Unit Apartment Building For Sale Idaho Falls, ID 83402
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Turnkey asset opportunity offering a mix of 1-,2-, and 3-bedroom units, totaling 231 units across five multifamily buildings within a booming locale.
- Benefit from significant occupancy, an excellent Idaho Falls locale, and value-add potential through maximizing rents.
- Beautiful apartment community providing a wealth of tenant amenities, including a clubhouse, ample on-site parking, a fitness center, and more.
- Located in Idaho Falls, poised for significant job and wage growth with several neighborhood conveniences and proximity to popular US national parks.
EXECUTIVE SUMMARY
Occupancy 90 % trending 95%
Pioneer Crossing at 3040 S South Fork Boulevard offers the rare opportunity to acquire sprawling multifamily properties in a suburban Idaho Falls community. This robust apartment complex comprises a diverse mix of 231 units across five three-story buildings, a clubhouse, and a maintenance garage, surrounded by landscaped grounds and ample parking. All properties have been constructed or fully improved within the last 24 months. Tenants enjoy in-unit laundry facilities, private balconies, and a full suite of community amenities.
Investors will benefit from the strategic location, significant occupancy, value-add potential through maximizing rents, and proximity to neighborhood amenities. Pioneer Crossing provides easy access to local conveniences, from shopping and restaurants to coffee shops, hotels, parks, and museums. The property is positioned minutes from Interstate 15, providing seamless connections in and around town.
Idaho Falls is a smaller city with no shortage of things to do. Situated in eastern Idaho on the Snake River, among the Rocky Mountains, this beautiful city is near Yellowstone and Grand Teton National Parks and Jackson Hole, a nature lover’s dream. It provides a sought-after live-work-play environment while hosting a wealth of businesses, restaurants, and entertainment venues.
Pioneer Crossing is primed to offer an excellent multifamily investment opportunity.
Pioneer Crossing at 3040 S South Fork Boulevard offers the rare opportunity to acquire sprawling multifamily properties in a suburban Idaho Falls community. This robust apartment complex comprises a diverse mix of 231 units across five three-story buildings, a clubhouse, and a maintenance garage, surrounded by landscaped grounds and ample parking. All properties have been constructed or fully improved within the last 24 months. Tenants enjoy in-unit laundry facilities, private balconies, and a full suite of community amenities.
Investors will benefit from the strategic location, significant occupancy, value-add potential through maximizing rents, and proximity to neighborhood amenities. Pioneer Crossing provides easy access to local conveniences, from shopping and restaurants to coffee shops, hotels, parks, and museums. The property is positioned minutes from Interstate 15, providing seamless connections in and around town.
Idaho Falls is a smaller city with no shortage of things to do. Situated in eastern Idaho on the Snake River, among the Rocky Mountains, this beautiful city is near Yellowstone and Grand Teton National Parks and Jackson Hole, a nature lover’s dream. It provides a sought-after live-work-play environment while hosting a wealth of businesses, restaurants, and entertainment venues.
Pioneer Crossing is primed to offer an excellent multifamily investment opportunity.
MATTERPORT 3D TOURS
3BR, 2BA - 1,051SF | Matterport Tour
/5
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 10.50 AC |
| No. Units | 220 | Building Size | 342,773 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2024 |
| Building Class | B | Parking Ratio | 1.49/1,000 SF |
| Sale Type | Investment |
| No. Units | 220 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 10.50 AC |
| Building Size | 342,773 SF |
| Average Occupancy | 95% |
| No. Stories | 4 |
| Year Built | 2024 |
| Parking Ratio | 1.49/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Dining Room
- Double Pane Windows
- Freezer
- Island Kitchen
- Lawn
SITE AMENITIES
- 24 Hour Access
- Business Center
- Clubhouse
- Courtyard
- Fitness Center
- Picnic Area
- Pool
- Property Manager on Site
- Spa
- Tenant Controlled HVAC
- Furnished Units Available
- Grill
- Wheelchair Accessible
- Package Service
- Renters Insurance Program
- Trash Pickup - Door to Door
- Wi-Fi
- Community-Wide WiFi
- Lounge
- Maintenance on site
- Online Services
- Key Fob Entry
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 115 | $1,325 | 596 - 599 |
| 2+2 | 75 | $1,613 | 857 - 908 |
| 3+2 | 30 | $1,925 | 1,051 |
NEARBY AMENITIES
HOTELS |
|
|---|---|
| Holiday Inn |
108 rooms
1 min drive
|
| Residence Inn |
108 rooms
7 min drive
|
| Home2 Suites by Hilton |
91 rooms
7 min drive
|
| My Place |
64 rooms
7 min drive
|
SALE ADVISORS
SALE ADVISORS
Mike Minnick, Principal Owner Mike Minnick
Multifamily Property Owner based in South Jordan, Utah.
1 of 67
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Mike Minnick
Pioneer Crossing Apartments | 3040 S South Fork Blvd
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