392 Clubmoss Lane

Description

Teton Building | Offered as Part of a 3-Building Multi Family Portfolio | $14,400,000 Pitts West Investments is pleased to present the Teton Building, a 12-unit apartment building located in the heart of Driggs, Idaho. This asset is one of three identical buildings offered at $14,400,000, representing a rare opportunity to acquire high-performing, modern multifamily product in a supply-constrained mountain town market. Property Overview: Unit Mix (12 total units):   3 1BD / 1BA (831 SF)   6 2BD / 2BA (1,056 SF)   3 3BD / 3BA (1,281 SF) Total Net Rentable SF per Building: ~12,492 SF Additional Features: " 6 private storage closets per building (additional revenue potential) " 2 surface parking stalls per unit " High historical occupancy " Strong rental demand in a growing Teton Valley submarket Investment Highlights: Below Replacement Cost: Acquire new, high-quality construction at a price well below today's development costs. Value-Add Opportunities: Enhance revenue through short-term rental conversion, master leasing strategies, or monetizing additional storage. Prime Location: Steps from Downtown Driggs, Broulim's grocery store, public transit routes, and Teton County's pathway system. Turnkey Portfolio: All three buildings share identical layouts and finishes, streamlining management and maximizing operational efficiency. Tight Rental Market: Driggs continues to experience strong demand and limited new supply, supporting future rent growth and appreciation. This offering provides a compelling opportunity for investors seeking yield, scale, and long-term growth in a high-barrier-to-entry market at the base of the Tetons.