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Leonards Apartments 310 E Center St 44 Unit Apartment Building $1,890,000 ($42,955/Unit) 6.30% Cap Rate Pocatello, ID 83201
Investment Highlights
- Additonal off street parking for residents
- Ground Floor Commercial
- Retail Adjacent
Executive Summary
A piece of history in Pocatello. This property has been undergoing a renovation over the last few years. Brand new roof, heating systems have been renovated or replaced in the last 5 years, lots of paint, flooring, window, electrical systems, new fire alarm system. 6 ground floor commercial suites including a restaurant. 42 apartments on the upper level. 30,984 SF above grade and a 16,092 SF basement yet to be developed. Also an additional lot for off-street parking.
Property Facts
| Price | $1,890,000 | Apartment Style | Low-Rise |
| Price Per Unit | $42,955 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 6.30% | Building Size | 28,492 SF |
| No. Units | 44 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1915/2022 |
| Property Subtype | Apartment |
| Price | $1,890,000 |
| Price Per Unit | $42,955 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 28,492 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1915/2022 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Wi-Fi
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Wi-Fi
- Maintenance on site
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 44 | - | - |
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | RPPOC224400 | Improvements Assessment | $1,051,410 |
| Land Assessment | $133,770 | Total Assessment | $1,185,180 |
Property Taxes
Parcel Number
RPPOC224400
Land Assessment
$133,770
Improvements Assessment
$1,051,410
Total Assessment
$1,185,180
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Leonards Apartments | 310 E Center St
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