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$4,300,000
51 S 1 E, Rexburg, ID 83440
0 Beds
56 Baths
36,368 sqft

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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.
  • Price:
  • $4,300,000
  • Full Baths:
  • 56
  • Square Footage:
  • 36,368
  • Acreage:
  • 1.20
  • Year Built:
  • 1984
  • Listing ID #:
  • 2127461
  • Street Address:
  • 51 S 1 E
  • City:
  • Rexburg
  • State:
  • Idaho
  • Postal Code:
  • 83440
  • County:
  • Madison
  • Subdivision:
  • Rexburg Townsite-Mad
  • Listing Status:
  • Active
Schools image

Here are some schools that may be near this home:

Lincoln 321el Elementary School

Madison 321jh Middle School

Madison 321hs High School

  • Amenities/Restrictions:
  • 24 Hour Maintenance, Additional Storage, Clubhouse, Common Laundry, Off Street Parking
  • Construction Description:
  • Existing-Fully Updated
  • Ease Of Access:
  • 1
  • Foundation:
  • Concrete Perimeter
  • Number Of Units:
  • 28
  • Siding:
  • Block, Stone, Brick, Stucco, Precast/Tilt-Up Concrete
  • Style:
  • All Units In One Building
  • Total Building Square Footage:
  • 36368
  • Type Of Roof:
  • Membrane
  • Unit1 Bedrooms:
  • 2
  • Unit1 Full Bathrooms:
  • 2
  • Unit2 Bedrooms:
  • 3
  • Unit2 Full Bathrooms:
  • 2
  • View:
  • Other-See Remarks
  • Year Built:
  • 1984
  • Conforms To Zoning:
  • Rx-Mixed-Use 2
  • Federal Flood Zone:
  • U
  • Lot Features:
  • Concrete Curbing
  • Days On Market:
  • 238
  • Excluded:
  • Renter's Personal Property
  • Included In Sale:
  • All Appliances
  • Terms:
  • Cash, Conventional
  • Property Taxes:
  • $52,103
  • Tax Year:
  • 2019
  • Driveway:
  • Asphalt
  • Cooling System:
  • Central, Heat Pump, Ductless Ac Unit
  • Existing Water:
  • Public
  • Heating:
  • Radiant, Zonal, Gas, Forced Air
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Keller Williams Realty East Idaho
  • SNAKE