For Sale
$780,000

385-391 Jeremy LnBlackfoot, ID 83221

New construction, high-yield investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional new construction four-plex in Blackfoot, Idaho, presents a compelling investment opportunity. Located at 385-391 Jeremy Lane, 83221, this Class A property boasts a total of 3,690 square feet and comprises four individually parceled two-bedroom, one-and-a-half-bathroom townhomes. Each unit features modern finishes including granite countertops and luxury vinyl plank flooring, and is projected to command a monthly rent of $1,250, resulting in a potential annual gross income of $60,000. The property is situated within a vibrant community offering an array of amenities, including a swimming pool, clubhouse, fitness center, basketball and pickleball courts, and a playground. Built in 2025, this one-building, two-story complex is priced at $780,000, representing a price per unit of $195,000 and a price per square foot of $211.38. The property's Net Operating Income (NOI) is projected at $40,200, yielding a 5.15% capitalization rate. Estimated annual property taxes are $8,000 per building, and the HOA fee is $75 per unit per month. This turnkey investment is ideal for investors seeking strong returns in a desirable Idaho location. The property is not subject to a ground lease.

Highlights

  • New construction four-plex investment opportunity in Blackfoot, ID, priced at $780,000. The property consists of four, individually parceled, two-bedroom, 1.5-bathroom townhomes.
  • Projected annual gross income is $60,000, with each unit projected to rent for $1,250 per month.
  • Annual property taxes are estimated at $8,000 per building, and the HOA fee is $75 per unit per month.
  • Community amenities include a swimming pool, clubhouse, fitness center, basketball and pickleball courts, and a playground.

Property Details for 385-391 Jeremy Ln

Property type
Apartment buildings
Square Feet
3,690 SF
Class
A
Year Built
2025
Buildings
1
Stories
2
Units
4

Location Insight

City
Blackfoot
County
Bingham
State
Idaho
Latitude
43.178911189482
Longitude
-112.3282131366
385-391 Jeremy Ln, Blackfoot, Idaho

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385-391 Jeremy Ln
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