2115-2121 Meppen Dr, Idaho Falls, ID 83401
4 Unit Apartment Building | $767,671 ($191,918/Unit) | 7.19% Cap Rate | Idaho Falls, ID 83401
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $767,671
- Property Type
-
Multifamily
- Square Feet
- 4,172 SF
Listing Contacts
Brian Wilson CCIM
Verified Profile
Brent Wilson CLS
Verified Profile
- Property Info
Property Overview
Nestled in the heart of Idaho Falls, this location offers a blend of convenience and lifestyle in a core, established area. Situated just north of the College of Eastern Idaho campus and between two major retailer, service and employer corridors, the area provides a welcoming atmosphere for students and professionals alike. With many other schools nearby, the residential community in which the property is located is also family-friendly. The close distance to an array of major retailers and services offers residents easy access to everyday amenities.
Property Details
- Class
- B
- Year Built
- 1993
- Stories
- 2
- Lot Size (sq. ft)
- 10,454 SF
- Units
- 4
Highlights
- Fully leased four-plex investment opportunity, two 3 bed / 1 bath units and two 2 bed / 2 bath units.
- Large, single-car garage with automatic garage doors with every unit.
- Located in an established residential area of Central Idaho Falls, just north of the College of Eastern Idaho campus.
- Surrounded by major retailers and services between two major corridors, Woodruff Ave and Hitt Rd/S 25th.
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