Rexburg, ID 83440,51 S 1 E
$4,300,000
Est. payment /mo
Est.Price: ?

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36,368 SqFt
SOLD DATE : 01/29/2021

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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Listed by Keller Williams Realty East Idaho
Bought with Idaho Agents Real Estate

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