606 Yellowstone AveSilverton, ID 83867
- Residential income properties
- 4.00 AC
Property Details for 606 Yellowstone Ave
- Year built
- 1964
- Lot size
- 4.00 AC
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This established 23-pad mobile home park in Silverton, Idaho, presents a compelling investment opportunity. Boasting a 90% occupancy rate (as of October 15, 2024) and a strong net operating income of $72,500, this stabilized property offers a 6.04% cap rate. The park sits on a four-acre lot (APN: RP48N04E215630A & RP48N04E215600A), providing significant room for expansion or redevelopment. Built in 1964 and renovated in 2024, the park includes two buildings and features well-maintained water and sewer lines. Natural gas is available to all sites. The property benefits from its location near major amenities, including a school district, ball fields, paved bike trails, a post office, and a grocery store. The asking price is $1,200,000, translating to approximately $52,173.91 per pad. The property's zoning is Non-Residential. The area's escalating median house prices and the presence of a local employer seeking over 200 employees further enhance the investment potential. This is a rare chance to acquire a profitable mobile home park with substantial upside in a desirable location.
Location Insight
- City
- Silverton
- County
- Shoshone
- State
- Idaho
- Latitude
- 47.492
- Longitude
- -115.964
Comparable in this City
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