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    255 E Main Street , Multi

    Rexburg, ID 83440
    • $479,000
    • STATUS: Active
    • ON SITE: 2 days
    • MLS #: 2134639
    New On Site 2 Days Ago
    UPDATED: 42 min ago
    $479,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,139
      SQFT
    • $224
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1977
    County:
    Area:

    School Ratings & Info

    Description

    SEE THE VIDEO TOUR on YouTube by searching 255 E Main Rexburg, Idaho, no showings without a submitted offer. Opportunity to purchase your own short-term rental business with established history at the Gateway to Yellowstone National Park, Jackson Hole WY and Island Park Idaho in beautiful Rexburg Idaho. The local is prime for travelers to be close to so many world-class locations or visiting BYU-Idaho University. This business includes (3) furnished 2-bedroom 1-bath units on East Main Street just blocks from campus. These units are fully furnished with high quality furnishings that have been maintained at hotel level standards with new paint throughout including W&D. Units could also rent as married housing to BYU-I students or month to month tenants. Units have a solid rental history and rent for over $100 per night in the summer and $72 a night in the winter. HOA covers all city services and insurance on building. This business has the potential for even more income for a tenacious marketer who expands the listings online. The current owner is willing to share his previous experience with new buyer to continue the business's success. Owner financing on a 10yr term is available with a large down-payment and a solid credit buyer. All expenses listed combine all 3 units costs

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    © 2021 Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than The Group Real Estate are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2021-02-25T16:23:09.577.
    www.idahomefinder.com/homes/114429809
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    255 E Main Street , Multi Rexburg, ID 83440

    • Price: $479,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: 2134639
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,139
    SQFT
    $224
    $/SQFT
    1977
    Built
    Neighborhood:
    Park Place Condos-Mad
    County:
    Madison
    Area:
    Rexburg
    Property Description
    SEE THE VIDEO TOUR on YouTube by searching 255 E Main Rexburg, Idaho, no showings without a submitted offer. Opportunity to purchase your own short-term rental business with established history at the Gateway to Yellowstone National Park, Jackson Hole WY and Island Park Idaho in beautiful Rexburg Idaho. The local is prime for travelers to be close to so many world-class locations or visiting BYU-Idaho University. This business includes (3) furnished 2-bedroom 1-bath units on East Main Street just blocks from campus. These units are fully furnished with high quality furnishings that have been maintained at hotel level standards with new paint throughout including W&D. Units could also rent as married housing to BYU-I students or month to month tenants. Units have a solid rental history and rent for over $100 per night in the summer and $72 a night in the winter. HOA covers all city services and insurance on building. This business has the potential for even more income for a tenacious marketer who expands the listings online. The current owner is willing to share his previous experience with new buyer to continue the business's success. Owner financing on a 10yr term is available with a large down-payment and a solid credit buyer. All expenses listed combine all 3 units costs
    Exterior Features

    Construction And Status Frame Exterior Primary Vinyl Exterior Secondary Brick Foundation Concrete Perimeter Landscaping None Location Near Mall/ShopNear SchoolsInterstate Exit/AccessNear University/College Off Street Parking 3 Overhead Doors No Parking Parking LotOff Street Roof Architectural Topography Setting None

    Interior Features

    Air Conditioning None Basement Walk-Out Basement Percent Finished 100 Heat Source And Type Electric Offices 3 Sq Ft Above Grade 1426 Sq Ft Below Grade 713

    Property Features

    Actual Annual Gross Income 31238.00 Assoc Fees 225.00 Association Fee Includes TrashMaintenance GroundsWaterSnow RemovalCommon AreaInsuranceExterior Maintenance Avg Electric Per Month 124.83 Avg Gas Per Month 0.00 Avg Heat Per Month 0.00 Buildings 1 Business Name 3 Unit Short Term Rental Business Cap Rate 11.00 Covenants Yes Current Use Hotel/Motel Distressed Property Not Applicable Documents On File CvntsCndtnsRstrctnsProfit And Loss Statement Flood Plain U Handicap Access No Inclusions Being Sold Fully Furnished. Each Unit: 2 Queen Mattresses And Bed FramesW&DAll Kitchen AppliancesMicrowaveCoffee MakerKitchen Table And ChairsLiving Room FurnitureSamsung Smart Tv And MountDeskLinensVacuumWindow TreatmentsParking Space P/Unit23&24 Have 5G internet. Monthly Leased Rate 1200 Net Operating Income 53266.00 Owner Pays Cable TvJanitorial ServiceTaxesElectricity Personal Property Tax 3795.00 Prior Use Hotel/Motel Property Type Business W/Real Estate Provider Other Info Rocky Mountain Power Sep Utilities No Sewer Public Sewer Sub Area Rexburg Tax Year 2020 Taxes 3795.00 Tenant Pays None Terms Owner May CarryCashConventional1031 Exchange Water Public Zoning General Rx High Density Re Zoning Specific Rexburg-High Density Resid 1

    Listing provided courtesy of Keller Williams Realty East Idaho.
    © 2021 Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than The Group Real Estate are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2021-02-25T16:23:09.577.
     
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    The Group Real Estate
    950 Memorial Drive
    Idaho Falls ID, 83402