This unique investment property is a versatile piece of real estate, combining both residential and industrial attributes. Located in a prime industrial area, this property boasts a strategic location within Twin Falls (annexed into city of TF), making it highly attractive for businesses seeking a convenient industrial presence. The property is zoned M2 (Heavy Industrial). The property currently features two residential homes on 1.24 acres. Original house offers lots of character and could be leased out for approximately $1400/month or torn down to use this property as desired. Second home on property is a trailer home that is rented for $850 with potential of being $1000-$1100 per month. Property is on well/septic but available to hook up to city services. This property offers a unique investment opportunity due to its dual-purpose nature. Investors can benefit from rental income while exploring options for industrial use/development in the future. The M2 zoning adds substantial long-term value.
MLS# | 98926268 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1918 |
Days On Site | 131 |
Listing Provided By | Berkshire Hathaway HomeServices Idaho Homes & Properties | Mandi Riddle |
Bed(s) | 7 |
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SQ Feet | 1,848 |
Zoning | M2 |
Acreage | 1.24 |
State | ID |
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County | Twin Falls |
City | Kimberly |
Zip Code | 83341 |
Area | Kimberly Hansen Murtaugh |
Listing VS Median (in 83341) | |
Price: $475,000 low | high Med: $469,500 SqFt: 1,848 low | high Med: 1,874 $ / SqFt: $257 low | high Med: $251 On Site: 131 low | high Med: 200.000000 |