385-391 Jeremy LnBlackfoot, ID 83221

Property Details for 385-391 Jeremy Ln

Year built

2025

Property size (Sq ft)

3,690 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Blackfoot

County

Bingham

State

Idaho

Latitude

43.1789

Longitude

-112.328

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