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Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Sold
Purchase Type For Sale
Square Footage 36,368 sqft
Price per Sqft $118
Subdivision Rexburg Townsite-Mad
MLS Listing ID 2127461
Sold Date 01/29/21
Style All Units in One Building
Construction Status Existing-Fully Updated
HOA Y/N no
Annual Tax Amount $52,103
Tax Year 2019
Lot Size 1.199 Acres
Acres 1.199
Property Description
This is an ideal investment property for the investor who would like to have a 'hands-free operation'. With management in place both off-site and on-site, this investment can be easily maintained and operated from a distance. Currently BYU- I approved single men's housing. These 4-7 (28 apartments with 140 beds total) man apartments were recently remodeled in 2013 and look great! This complex features amazing amenities including a large weight room, a game room equipped with Foosball, pool and ping pong tables, a theater room eqipped with a projector and stadium seating, a large lounge great for gatherings, and free laundry on each floor. The rooms themselves are air conditioned and fully furnished with a dishwasher, 2 refrigerators, a vacuum cleaner, ironing board and 2 desks with chairs. The property has more than adequate parking which is a commodity that is very difficult to replicate in the Rexburg single student housing area, an area which is predefined and overseen by the university. The buyer will be required to work with the BYU-Idaho Housing Office as the new owner for the qualified single student housing. Don't miss this hard to find opportunity to own single family housing approved by BYU-I and an excellent location between campus and Main Street.
Location
State ID
County Madison
Area Madison
Rooms
Basement None
Interior
Heating Radiant, Zonal, Gas, Forced Air
Cooling Central, Heat Pump, Ductless
Flooring Block
Exterior
Exterior Feature Block, Stone, Brick, Stucco, Precast/Tilt-up Concrete
Landscape Description Concrete Curbing
Utilities Available Separate Power Meters, Common Water Heaters, Common Power Meters, Separate Heat, Common Heat, Separate Water Heaters
Amenities Available 24 Hour Maintenance, Additional Storage, Clubhouse, Common Laundry, Off Street Parking
View Other-See Remarks
Roof Type Membrane
Building
Sewer Public Sewer
Water Public
Structure Type Block,Stone,Brick,Stucco,Precast/Tilt-up Concrete
Construction Status Existing-Fully Updated
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Not Applicable
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