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    51 S 1 E

    Rexburg, ID 83440
    • $4,300,000
    • STATUS: Active
    • ON SITE: 244 days
    • MLS #: 2127461
    UPDATED: 73 min ago
    $4,300,000
    • 0
      BEDS
    • 1.2
      ACRES
    • 56
      BATHS
    • 0
      1/2 BATHS
    • 36,368
      SQFT
    • $118
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1984
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    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.

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    © 2020 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: 2020-10-26T10:23:06.4.
    www.idahomefinder.com/homes/103503945
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    51 S 1 E Rexburg, ID 83440

    • Price: $4,300,000
    • Status: Active
    • Updated: 73 min ago
    • MLS #: 2127461
    0
    Beds
    56
    Baths
    0
    ½ Baths
    1.2
    Acres
    36,368
    SQFT
    $118
    $/SQFT
    1984
    Built
    Neighborhood:
    Rexburg Townsite-Mad
    County:
    Madison
    Area:
    Rexburg
    Elementary School:
    Lincoln 321El
    Middle School:
    Madison 321Jh
    High School:
    Madison 321Hs
    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.
    Exterior Features

    Construction And Status Existing-Fully Updated Driveway Asphalt Exterior Primary BlockStoneBrickStuccoPrecast/Tilt-Up Concrete Exterior Secondary Block Foundation Concrete Perimeter Garage Stalls 0 Landscaping Concrete Curbing Location Near University/CollegeHigh TrafficNear Mall/Shop Off Street Parking 0 Roof Membrane Style All Units in One Building View Other-See Remarks

    Interior Features

    Air Conditioning CentralHeat PumpDuctless Ac Unit Basement None Heat Source And Type RadiantZonalGasForced Air Sq Ft Above Grade 36368 Sq Ft Below Grade 0 Style1 Baths 2 Style1 Bedrooms 2 Style1 Sq Ft 0 Style2 Baths 2 Style2 Bedrooms 3 Style2 Sq Ft 0 Style3 Baths 0 Style3 Bedrooms 0 Style3 Sq Ft 0 Style4 Baths 0 Style4 Bedrooms 0 Style4 Sq Ft 0 Style5 Baths 0 Style5 Bedrooms 0 Style5 Sq Ft 0 Style6 Baths 0 Style6 Bedrooms 0 Style6 Sq Ft 0 Total Baths 56

    Property Features

    Amenities 24 Hour MaintenanceAdditional StorageClubhouseCommon LaundryOff Street Parking Assoc Fees 0.00 Covenants No Distressed Property Not Applicable Exclusions Renter's Personal Property Fixer Upper No Flood Plain U Handicap Access Yes Ho Exempt Not Exempt HOA No Hoa Fee 0.00 Inclusions All Appliances Owner Pays Cable TvElectricityCommon Area MaintenanceSewerGasSnow RemovalInsuranceTrash CollectionGrounds CareWater Property Type 11+ Units Provider Other Info Rocky Mountain Power Sewer Public Sewer Style1 Rent 0 Style1 Units 16 Style2 Rent 0 Style2 Units 15 Style3 Rent 0 Style3 Units 0 Style4 Rent 0 Style4 Units 0 Style5 Rent 0 Style5 Units 0 Style6 Rent 0 Style6 Units 0 Tax Year 2019 Taxes 52103.00 Tenant Pays Other Terms CashConventional Utilities Separate Power MetersCommon Water HeatersCommon Power MetersSeparate HeatCommon HeatSeparate Water Heaters Water Public Zoning General Rx-Mixed-Use 2 Zoning Specific Rexburg-Mixed Use 2

    Listing provided courtesy of Keller Williams Realty East Idaho.
    © 2020 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: 2020-10-26T10:23:06.4.
     
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    950 Memorial Drive
    Idaho Falls ID, 83402