Pioneer Crossing Apartments | 3040 S South Fork Blvd
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Pioneer Crossing Apartments 3040 S South Fork Blvd
220 Unit Apartment Building For Sale Idaho Falls, ID 83402
Virtual Tour
Investment Highlights
- Turnkey asset opportunity offering a mix of 1-,2-, and 3-bedroom units, totaling 231 units across five multifamily buildings within a booming locale.
- Benefit from significant occupancy, an excellent Idaho Falls locale, and value-add potential through maximizing rents.
- Beautiful apartment community providing a wealth of tenant amenities, including a clubhouse, ample on-site parking, a fitness center, and more.
- Located in Idaho Falls, poised for significant job and wage growth with several neighborhood conveniences and proximity to popular US national parks.
Executive Summary
Pioneer Crossing at 3040 S South Fork Boulevard offers the rare opportunity to acquire sprawling multifamily properties in a suburban Idaho Falls community. This robust apartment complex comprises a diverse mix of 231 units across five three-story buildings, a clubhouse, and a maintenance garage, surrounded by landscaped grounds and ample parking. All properties have been constructed or fully improved within the last 24 months. Tenants enjoy in-unit laundry facilities, private balconies, and a full suite of community amenities.
Investors will benefit from the strategic location, significant occupancy, value-add potential through maximizing rents, and proximity to neighborhood amenities. Pioneer Crossing provides easy access to local conveniences, from shopping and restaurants to coffee shops, hotels, parks, and museums. The property is positioned minutes from Interstate 15, providing seamless connections in and around town.
Idaho Falls is a smaller city with no shortage of things to do. Situated in eastern Idaho on the Snake River, among the Rocky Mountains, this beautiful city is near Yellowstone and Grand Teton National Parks and Jackson Hole, a nature lover’s dream. It provides a sought-after live-work-play environment while hosting a wealth of businesses, restaurants, and entertainment venues.
Pioneer Crossing is primed to offer an excellent multifamily investment opportunity.
Investors will benefit from the strategic location, significant occupancy, value-add potential through maximizing rents, and proximity to neighborhood amenities. Pioneer Crossing provides easy access to local conveniences, from shopping and restaurants to coffee shops, hotels, parks, and museums. The property is positioned minutes from Interstate 15, providing seamless connections in and around town.
Idaho Falls is a smaller city with no shortage of things to do. Situated in eastern Idaho on the Snake River, among the Rocky Mountains, this beautiful city is near Yellowstone and Grand Teton National Parks and Jackson Hole, a nature lover’s dream. It provides a sought-after live-work-play environment while hosting a wealth of businesses, restaurants, and entertainment venues.
Pioneer Crossing is primed to offer an excellent multifamily investment opportunity.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 10.50 AC |
| No. Units | 220 | Building Size | 227,000 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Mid Rise | Parking Ratio | 1.49/1,000 SF |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 220 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 10.50 AC |
| Building Size | 227,000 SF |
| No. Stories | 4 |
| Year Built | 2024 |
| Parking Ratio | 1.49/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Dining Room
- Double Pane Windows
- Island Kitchen
- Lawn
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Courtyard
- Fitness Center
- Pool
- Property Manager on Site
- Trash Pickup - Door to Door
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 115 | - | 596 - 599 |
| 2+2 | 75 | - | 857 - 908 |
| 3+2 | 30 | - | 1,051 |
Nearby Amenities
Hotels |
|
|---|---|
| Holiday Inn |
108 rooms
1 min drive
|
| Residence Inn |
108 rooms
7 min drive
|
| Home2 Suites by Hilton |
91 rooms
7 min drive
|
| My Place |
64 rooms
7 min drive
|
Sale Advisors
Sale Advisors
-
Mike Minnick Mike Minnick -
Randy Trane
- Mike Minnick
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Pioneer Crossing Apartments | 3040 S South Fork Blvd
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