36-Unit Investment Offering | Driggs, Idaho
Presented by Pitts West Investments (PWI)
PWI is proud to present a rare opportunity to acquire a brand new 2020 build, 36-unit multifamily portfolio in the heart of downtown Driggs, Idaho. Consisting of three adjacent apartment buildings, this offering represents one of the few institutional-quality assets in a high-barrier-to-entry mountain market undersupplied with quality rental housing.
Key Highlights:
36 total units across 3 neighboring buildings
Prime downtown Driggs location with walkable access to shops, dining, and recreation
Offered at $14,400,000
$400,000 per unit
$332.23 per square foot
Replacement cost estimated at $350/foot or $15,170,400, offering a discount to today’s construction costs
Strong potential for seasonal leasing upside and short-term rental conversions
This portfolio offers immediate income with long-term appreciation potential and multiple value-add strategies in one of the most sought-after markets in the Mountain West.