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255 E Street

Idaho Falls, ID 83402
  • $3,500,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 2151355
UPDATED: 61 min ago
$3,500,000
  • 1
    BEDS
  • 0.45
    ACRES
  • 42
    BATHS
  • 0
    1/2 BATHS
  • 18,790
    SQFT
  • $186
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Unparalleled opportunity to own a 42 unit residential investment property in the historic downtown of Idaho Falls. The property sits only 3 blocks from the five mile Greenbelt along the Snake River and a mile from Interstate 15. The property was built as a motel and is currently functioning as a month-to-month residential rental property. It could continue functioning the way it is with a lot of growth potential or it could be converted back into a motel or nightly rental. All units have been painted and and new flooring installed within the past five years. - All units are in one building. - Some units have one access and others are larger and have both a front and back access. - Each unit is furnished similar to what you'd find in a typical hotel room. - There is an office space with an adjoining unit that could be used for management living with a full kitchen. - The building is heated with a central boiler system. -The average rents for all the units at this time is approximately $650/mo. - On-site coin-op laundry provides additional income. -Dozens of restaurants and shop within walking distance.

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© 2022 Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than The Perfect Home | Keller Williams Realty East Idaho are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2022-12-08T00:23:09.4.
www.idahoperfecthome.com/homes/134654828
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255 E Street Idaho Falls, ID 83402

  • Price: $3,500,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 61 min ago
  • MLS #: 2151355
1
Beds
42
Baths
0
½ Baths
0.45
Acres
18,790
SQFT
$186
$/SQFT
1962
Built
Neighborhood:
Railroad Addition-Bon
County:
Bonneville
Area:
Idaho Falls
Elementary School:
Bush 91El
Middle School:
Taylor View 91Jh
High School:
Idaho Falls 91Hs
Property Description
Unparalleled opportunity to own a 42 unit residential investment property in the historic downtown of Idaho Falls. The property sits only 3 blocks from the five mile Greenbelt along the Snake River and a mile from Interstate 15. The property was built as a motel and is currently functioning as a month-to-month residential rental property. It could continue functioning the way it is with a lot of growth potential or it could be converted back into a motel or nightly rental. All units have been painted and and new flooring installed within the past five years. - All units are in one building. - Some units have one access and others are larger and have both a front and back access. - Each unit is furnished similar to what you'd find in a typical hotel room. - There is an office space with an adjoining unit that could be used for management living with a full kitchen. - The building is heated with a central boiler system. -The average rents for all the units at this time is approximately $650/mo. - On-site coin-op laundry provides additional income. -Dozens of restaurants and shop within walking distance.
Exterior Features

Construction And Status Existing Driveway Asphalt Exterior Primary Block Foundation Slab Garage Stalls 0.00 Location Near Green Belt Lot Size 19740 Off Street Parking 31 Roof Membrane Style All Units in One BuildingUnits Over And Under Topography Setting Corner LotFlat

Interior Features

Air Conditioning None Basement None Heat Source And Type RadiantZonal Sq Ft Above Grade 9395 Sq Ft Below Grade 9395 Style1 Baths 1 Style1 Bedrooms 0 Style1 Sq Ft 250 Style2 Baths 1 Style2 Bedrooms 0 Style2 Sq Ft 288 Style3 Baths 1 Style3 Bedrooms 0 Style3 Sq Ft 360 Style4 Baths 1 Style4 Bedrooms 1 Style4 Sq Ft 650 Style5 Baths 0 Style5 Bedrooms 0 Style5 Sq Ft 0 Style6 Baths 0 Style6 Bedrooms 0 Style6 Sq Ft 0 Total Baths 42

Property Features

Amenities Common LaundryOff Street Parking Covenants No Distressed Property Not Applicable Fixer Upper No Flood Plain U Handicap Access No Ho Exempt Not Exempt HOA No Inclusions All Furniture in Each Unit - Most include A BedDresserChairEnd TableMini FridgeMicrowave. Owner Pays ElectricityCommon Area MaintenanceSewerGasSnow RemovalInsuranceTrash CollectionGrounds CareWater Property Type 11+ Units Provider Other Info 220 Volt Plug-In(S)Idaho Falls PowerBreaker(S) Sewer Public Sewer Short Term Rental YN Yes Style1 Rent 705 Style1 Units 26 Style2 Rent 705 Style2 Units 14 Style3 Rent 705 Style3 Units 1 Style4 Rent 1000 Style4 Units 1 Style5 Rent 0 Style5 Units 0 Style6 Rent 0 Style6 Units 0 Tax Year 2021 Taxes 9998.00 Tenant Pays Cable Tv Terms CashConventional Utilities Common Power MetersCommon Heat Water Public Winter Access YN Yes Zoning General Other Zoning Specific Not Verified

Snake River Regional MLS logo Listing provided courtesy of Edge Real Estate: 2086569400.
© 2022 Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than The Perfect Home | Keller Williams Realty East Idaho are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2022-12-08T00:23:09.4.
 
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The Perfect Home | Keller Williams Realty East Idaho
3525 Merlin Dr.
Idaho Falls ID, 83404