1002-1022 E Poplar St - Apartments FOR SALE


Pocatello, ID 83201
$5,300,000 USD
208-440-2486
1002-1022 E Poplar St, Pocatello, ID for Sale
$5,300,000 USD
Apartments - FOR SALE
1/14
null | 6% Cap Rate

1002-1022 E Poplar St
Pocatello, ID 83201


OVERVIEW

Berkadia Boise Investment Sales is pleased to present Ridgeline Apartments, a 51-unit value-add community strategically located in the heart of Pocatello, Idaho. Built between 1978 and 1982, Ridgeline Apartments comprises four buildings offering a mix of one-, two-, and three-bedroom floor plans. With an average unit size of 783 square feet, the property presents a substantial value-add opportunity through the completion of planned renovations and subsequent rent increases. Community amenities include a laundry facility, an onsite leasing office, and multiple spacious dog parks. Situated blocks from Alameda Park, Ridgeline Apartments enjoys an exceptional location within close proximity to downtown Pocatello and Idaho State University. Residents benefit from convenient access to a variety of shopping, dining, and entertainment options, as well as public transportation and major thoroughfares. The property's oversized lot offers ample outdoor space and potential for additional amenities.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

51

PRICE/UNIT

$103,922

CAP RATE

6%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgeline Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

42

LAND DETAILS

LAND ACRES

3.67 AC

LAND SF

159,865 SF

ZONING

RH and RMS

APN/PARCEL ID

RPCPP079702

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.