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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 mon...th-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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MLS#
2151355
Property Type
Other
Year Built
1962
Sewer
Public Sewer
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