Have you ever thought about investing in investment properties in Pocatello?  If so (or even if you haven’t :)), I thought I’d share a couple of properties that I am selling that might be of interest.  I think they’re both aggressively priced and may be a good investment for someone.  Here are the relevant details:

Property 1 / Triplex – $124,000

• Location 355 S Johnson (Pocatello)
• Units: 3
• Total Rent Income: $1,525 / month.
• Items to note: New Roof in 2012. New water heater in 816 unit. New carpet and paint in 810 and 816 units. 355 unit has lots of hardwood floors. In great condition.  Property on newly widened street. Separate meters for gas and power.

Tenants pay Gas/Heat/Electric (does not come out our your cash flow).  Take a look at http://findpocatellohomes.com/mls/ and you’ll see that when you look at the square footage, rental income / purchase price, utilities separated, and rental condition, this is the best triplex deal in Pocatello.  This is now listed with a Realtor (listing), so I don’t have much wiggle room on the price.

Property 2 / Fourplex – $138,000

• Location N Hayes (Pocatello)
• Units: 4
• Total Rent Income: $1,750 / month.
• Items to note: New stucco front in 2012 (finishing the top half in the next 4 weeks). Two larger units just vacated, so I’m puttng in new carpet and paint in both those units to prep for selling.  Separate meters for gas and power.

Tenants pay Gas/Heat/Electric (does not come out our your cash flow).  Again, take a look at the mls in Pocatello and you’ll see that no other 4-plex’s come close to bringing in this cashflow at this price.  I HAVE NOT LISTED THIS WITH A REALTOR YET.  I thought I’d reach out and see if there was any interest before I list it on the MLS.  If I sell this w/o a Realtor, I’d be willing to sell it for $129,000.