201 E Ross Ave - Apartments FOR SALE


Driggs, ID 83422
$3,112,000 USD
208-907-7271
201 E Ross Ave, Driggs, ID for Sale
$3,112,000 USD
Apartments - FOR SALE
1/46
null | Request Cap Rate

201 E Ross Ave
Driggs, ID 83422


HIGHLIGHTS

  • The Flats at Teton Peaks offers investors a rare opportunity to secure a newly constructed eight-unit condominium in serene Driggs, Idaho.
  • Each unit features quartz countertops, luxury vinyl plank flooring, and an appealing appliance package, ensuring a comfortable living experience.
  • Boasting striking exteriors made of corrugated metal, stone, and pre-painted composite, the buildings fuse modern mountain living with modern design.
  • Community amenities such as playgrounds, pavilions, and pickleball courts will benefit residents and foster a vibrant neighborhood atmosphere.
  • Driggs is a haven for outdoor enthusiasts, surrounded by the breathtaking Teton, Big Hole, and Snake River Mountain ranges.
  • Seize the opportunity to invest in a brand-new residential community minutes from downtown Driggs and just over an hour to Jackson Hole.

OVERVIEW

"The Flats at Teton Peaks"...is a captivating "NEW" Condominium development in Driggs, Idaho. This development features an affordable solution for both homeowners and investors! The Flats at Teton Peaks is central to local outdoor adventure, the culinary scene, restaurants, the magnificent Grand Tetons and the renowned "Grand Targhee Ski Resort"! In addition, the famous town of Jackson Hole Wyoming is only 40 miles away! Whether you are acquiring a single condominium, 8-plex building or multiple 8-plex buildings,....The Flats at Teton Peaks is ideal for all buyers and investors, offering a unique, hassle-free opportunity for comfortable and affordable housing. Each unit will come with contemporary amenities, including quartz countertops, luxury vinyl plank (LVP) flooring, a comprehensive stainless steel appliance package, full-size front load stacked washers and dryers, a ducted VTAC HVAC heating and cooling system for year-round comfort, window blinds, LED recessed lighting, 9-foot ceilings and common area with pickle-ball court, Gazebo, fenced dog walking area and large grass area. The exterior finishes offer aesthetic appeal with corrugated metal, stone, and pre-painted composite siding along with plenty of landscaping! Phase 1: is nearly sold out with only 3 units available! Phase 2: is underway, with Four "8-plex" buildings (32 total units), slated for completion June 2025. Prices are only $389,000 per door with an opportunity to get a $30,000 discount on limited units. Bulk pricing is also available. Contact the agent for more information. General Information: - 184 unit Condominium project - Five total phases over the course of the next 2–3 years - Pricing is $389,000 per condominium *with optional $30,000 discount on certain units. *Contact agent for details. - Phase 2 will be available June 2025. - 1031 exchange, Cash, portfolio financing, certain Conventional financing. *Contact agent for details. - Each unit has: 2 beds, 2 full baths, ducted HVAC heating and cooling systems, 9' ceilings, quartz countertops throughout, LED recessed lighting, stainless steel appliances, full-size front load washer/dryer, full size 50-gallon water heaters, window blinds. - HOA $200 per month: Water, sewer, garbage, landscape maintenance, snow removal, Internet, insurance on exterior of buildings. - Common area with: gazebo, grass play area, pickle-ball court, and a large fenced dog walking area. - Located near recognized locations such as Grand Teton National Park, Yellowstone Park, Grand Targhee Ski Resort, Jackson Hole Wyoming, Palisades Reservoir, Island Park, and Snake River.

FOR SALE DETAILS

PRICE

$3,112,000 USD

PRICE/SF

$486 USD /SF

# OF UNITS

8

PRICE/UNIT

$389,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Flats at Teton Peaks Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

-

APN/PARCEL ID

RPA00000261206,RPA00000261370

ASK ABOUT THIS PROPERTY

Travis GreeneIdaho Agents Real EstateMore Info
208-907-7271

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Travis GreeneIdaho Agents Real EstateMore Info
208-907-7271

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.