Address:  2125 S 4th Avenue Square Footage:  18,000 sq. ft. Bedrooms:  70 Bathrooms:  34

Asking Price:  $1,300,000 Area:  University Area City:  Pocatello Acreage:  1.80 acres MLS:  Pocatello MLS #537573

GREAT RENTAL OPPORTUNITY! Property consists of four fourplexes (4 bed/2 bath units for a total of 64 bedrooms and 32 bathrooms) and one duplex. One side of the duplex (3 bed/1 bath) is rented out while the other is for an on-site manager. Bedrooms are rented individually, generally to university students. Monthly rent varies from $235-$250/month depending on lease commitment. Summer rents are generally cheaper to encourage occupancy while the traditional semesters are not in session. Monthly rent averages about $13,000 (lower in summer, higher during school). The majority of carpets, water heaters, couch sets, and table sets have been replaced during the past three years. Each building has its own legal description and can be purchased with traditional 4-plex financing rather than with a commercial loan.