Driggs, ID - Clubmoss Apartments Multi-Family FOR SALE


Driggs, ID
$14,400,000 USD
901-283-8856
, Driggs, ID for Sale
$14,400,000 USD
Multi-Family - FOR SALE
1/16
null | 4% Cap Rate

Driggs, ID - Clubmoss Apartments
Driggs, ID


HIGHLIGHTS

  • Located in the downtown core of Driggs, ID
  • Potential for increased revenue through Short Term Rentals
  • Interior access, 2 parking spaces per unit
  • Full appliance package: full range, refrigerator, microwave, washer and dryer

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Rob PittsPWI Real EstateMore Info
901-283-8856

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Rob PittsPWI Real EstateMore Info
901-283-8856

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