Property Description

Income-producing investment in Idaho Falls! This unique property features two dwellings on one lot with a total of 4 rental units, each with its own private entrance, and all currently fully occupied. Producing approximately $5,050 per month with a long history of consistent occupancy, this is an excellent turnkey investment. No seller financing. The front home features an upper 2-bedroom unit with an additional finished bonus/flex room currently used as a primary bedroom, along with a recently remodeled basement 2-beds, 2 bathrooms. The second dwelling offers 1-bedroom upper and lower units, with the lower unit recently remodeled and including an additional finished flex room that provides extra usable living space. Recent improvements include a new community laundry room equipped with two washers and two dryers, providing added convenience for tenants. The back dwelling also includes its own washer and dryer. The property features two separate fenced yards, separate driveways for each dwelling, and private entrances for every unit, offering privacy and convenience for residents. The current owner has successfully owned and operated the property for approximately 20 years. The property is serviced by Idaho Falls Power. Tenants pay their own utilities and maintenance.

Property Features

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