1Downey, ID 83234

For Sale
$395,000

Updated Home, 9 Storage Units, High Income Potential

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity in Downey, Idaho, presents a unique blend of residential and commercial income streams. The property features a recently updated one-bedroom home, providing immediate rental income or comfortable owner-occupied living. Adding significant value are nine (9) 13x32 storage units, generating consistent rental revenue. The property sits on a desirable 0.1-acre corner lot, offering excellent visibility and accessibility. The strategic location presents a significant advantage, particularly during the annual Downey County Fair, where additional income can be generated by renting out available parking spaces. This turnkey investment is priced at $395,000 and offers a compelling return on investment through both residential and commercial rental income. The updated home provides comfortable living space, while the nine storage units offer a reliable source of passive income. The ample lot size and prime corner location further enhance the property's value and potential for future expansion or development. This is a rare opportunity to acquire a diversified income-producing property in a thriving Idaho community. The combination of residential and commercial components provides a balanced and resilient investment portfolio, making this an attractive option for both seasoned investors and those seeking a stable, high-yield investment. The potential for additional income from parking further strengthens the property's financial prospects. Don't miss this chance to secure a profitable and versatile investment in Downey, Idaho.

Property Details for 1

Property type
Investment properties, Other investment properties
Year Built
1975
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Downey
County
Bannock County
State
Idaho
Latitude
42.42873
Longitude
-112.1257
1, Downey, Idaho

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