$4,300,000

51 S 1 E

REXBURG ID, 83440

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.

Details

MLS#2127461
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1984
Days On Site249

Features

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Area Information
StateID
CountyMadison
CityREXBURG
Zip Code83440
AreaMadison
Listing VS Median (in 83440)
Price:
$4,300,000
low | high
Med:
$127,000
100% of Average
On Site:
249
low | high
Med:
69
100% of Average
Nearby Listings (Within 1/4 mile)
Price: $0 - $0
SqFt: 0 - 0
Nearby Listings Property ImageNearby Listings Details
26 E Main Street Property Photo - REXBURG, ID real estate listing
$0
26 E Main Street
Rexburg, ID 83440
18 E Main Street Property Photo - REXBURG, ID real estate listing
$0
18 E Main Street
Rexburg, ID 83440
Listing Updated: 10/28/2020
Ryan Lerwill LogoMLS Number: 2127461
Listing Provided By:
Ryan Lerwill  of  Keller Williams Realty East Idaho

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