580 W Clark St - Apartments FOR SALE


Pocatello, ID 83204
$2,400,000 USD
208-440-2486
580 W Clark St, Pocatello, ID for Sale
$2,400,000 USD
Apartments - FOR SALE
1/13
null | 6.8% Cap Rate

580 W Clark St
Pocatello, ID 83204


HIGHLIGHTS

  • Prime Location
  • Value-Add Potential
  • Vibrant Community

OVERVIEW

Rosewood Apartments is a 28-unit community offering charming studio units in the vibrant heart of downtown Pocatello, Idaho. Built in 1913, this historic building seamlessly blends classic architecture with modern amenities, making it an attractive option for students and professionals alike. Located just 1 mile from Idaho State University, residents enjoy easy access to entertainment venues and employers. Recent updates to roofing, plumbing, and electrical systems enhance the property's appeal and investment value, positioning it for further rental growth. Situated in a thriving economic and recreational hub, Rosewood Apartments presents a compelling investment opportunity with a sale price of $2,400,000 and a market cap rate of 6.80%. With an average rent of $673 per unit, this property is poised for significant returns supported by strong market fundamentals and the city's ongoing revitalization efforts. Contact Berkadia Boise for more details on this exceptional opportunity.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

28

PRICE/UNIT

$85,714

CAP RATE

6.8%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rosewood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CG

APN/PARCEL ID

RPPOC344900

ASK ABOUT THIS PROPERTY

Clay AndersonBerkadia Real Estate AdvisorsMore Info
208-440-2486

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Clay AndersonBerkadia Real Estate AdvisorsMore Info
208-440-2486

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