Modern ranch-style home featuring a clean white exterior with stone accents, two-car garage with white overhead door, gabled roofline with dark asphalt shingles, and a newly poured concrete driveway

250 N 200 W, Downey, Idaho 83234

$325,000

Overview

Property ID: HZ2177619

Residential
Property Type

3
Bedrooms

2
Bathrooms

2.0
Garages

1150 Sqft
Area Size

Description

TURNKEY INCOME PROPERTY – 3 RENTAL UNITS WITH TENANTS IN PLACE! Investors, take a look at this income-producing opportunity at 798 Garfield St in Idaho Falls. All three units are currently rented at $850, $800 & $1, 100 per month, generating $2, 750/month or $33, 000 in annual gross rental income from day one. Existing tenants provide immediate income without the expense and downtime of filling vacant units. Situated on a large 0.41-acre lot, this property offers something increasingly difficult to find in an established Idaho Falls location: rental income plus substantial outdoor space for tenants. The property is turnkey and already producing, making it an attractive addition to an investor’s rental portfolio. Whether you’re looking to expand an existing portfolio, purchase your first multi-unit investment, or secure a property with established rental history, this one deserves a closer look. Three income streams. Tenants already in place. $33, 000 annual gross rent. Large lot. Turnkey investment.