This great investment opportunity is in a perfect location. It is all on one lot and includes 3 brick fourplexes with new roofs and great long term tenants. Each unit is 2 bed 1 bath 1,059 square feet and comes with a 1 car garage. There is plenty of room to add a bedroom to make them 3 bedroom apartments. Full automatic sprinkler system is in place. Tenants put Gas and city of Idaho Falls electricity/water/sewer/trash in their name. Current rent income is $9,075 with an opportunity for rent increases to get all units to $825 making monthly rent income $9,900. 2019 insurance cost was $1,164 and taxes were $9,613 for all 3 fourplexes. No showings until an offer has been accepted. Please see 3D scans. One unit will become vacant in June. Most units have gas forced air heat, some have electric forced air heat. Apartments 2250, 2256, and 2244 have granite countertops in the kitchen. Upper units have a walk out patio area, lower units have a walk out cement patio area.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
