$1,140,000

32 S 3rd W #1-8

REXBURG ID, 83440

Description

This is the perfect investment for the Rexburg market the Regal Court Apartments are for sale. There are two 4 plexes with this complex sold together. The units are all 1024 sq. ft. with 2 bedroom and 2 bathrooms and 1 car attached garages. They are larger than the normal 2 bed apartments, plus a master bathroom. These units are all brick exteriors with metal trim so the maintenance and utilities are cheap. There is a common courtyard and covered entrances for a clean easy way to enjoy living there. There 2 legal descriptions so they can be financed separately if you want to do 2 separate loans. The north 4 plex has additional land with it that is currently all grass. It could be more additional units or storage units for additional growth and income. The parking lots and drive ways were resurfaced with a new seal coat in 2019. They are fully rented and this can be an easy turn key investment for the right buyer. Rexburg is a HOT rental market and BYUI is only expecting more growth. These units are not BYUI approved for single students but any one else can rent these units. 1 block from Porter Park and 3 blocks from BYUI or Broulims. This is a handy location for renters. Qualified and interested buyers please contact me for details, maps, financials.

Details

MLS#2133700
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1978
Days On Site40

Features

SQ Feet8,192
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Area Information
StateID
CountyMadison
CityREXBURG
Zip Code83440
AreaMadison
Listing VS Median (in 83440)
Price:
$1,140,000
low | high
Med:
$155,000
100% of Average
SqFt:
8,192
low | high
Med:
692
100% of Average
$ / SqFt:
$139
low | high
Med:
$224
10.9573065612% of Average
On Site:
40
low | high
Med:
22
100% of Average
Listing Updated: January 18, 2021 4:00:54 PM PST
Ted Whyte LogoMLS Number: 2133700
Listing Provided By:
Ted Whyte  of  Century 21 High Desert- Rexburg

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