Description
ONE 4-PLEX & ONE 3-PLEX possible in a 2-building campus just 1 block NE from BYU-Idaho. These stately brick homes are being converted to brand new apartments with the potential of 7 individual apartments. 4-plex: Bldg 150E2ndS was gutted to the studs, and everything professionally rebuilt - NO shortcuts. Everything is NEW - plumbing, electrical, interior fire sprinkler & alarm system, windows, walls, laminate flooring, LED disk lighting, water heaters, insulation throughout, cabinetry, stainless steel appliances - everything! The landscape has been beautifully recreated and has an auto sprinkler system to water both lots #150 and #156. The parking was re-blacktopped and striped in 2021. #150 has been 100% rented since it's completion in 09/2021. There are four 2-bedroom apartments with rent of $900 to $950; renewed leases in 09/22 will be $1000 to $1050+. In building #150, the upper-level apartments both have private porches. The lower-level apartments are walk-outs with patios. Each unit is total electric with separate meters. TRI-PLEX - #156 has been gutted to the studs and is ready to begin reconstruction. The same construction company that rebuilt #150 has estimated the rebuild of #156 to be $275,000 to $300,000 to be of the same quality as #150.
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8BEDS
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0.32ACRES
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4BATHS
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01/2 BATHS
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3,150SQFT
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$381$/SQFT
School Information
Description
ONE 4-PLEX & ONE 3-PLEX possible in a 2-building campus just 1 block NE from BYU-Idaho. These stately brick homes are being converted to brand new apartments with the potential of 7 individual apartments. 4-plex: Bldg 150E2ndS was gutted to the studs, and everything professionally rebuilt - NO shortcuts. Everything is NEW - plumbing, electrical, interior fire sprinkler & alarm system, windows, walls, laminate flooring, LED disk lighting, water heaters, insulation throughout, cabinetry, stainless steel appliances - everything! The landscape has been beautifully recreated and has an auto sprinkler system to water both lots #150 and #156. The parking was re-blacktopped and striped in 2021. #150 has been 100% rented since it's completion in 09/2021. There are four 2-bedroom apartments with rent of $900 to $950; renewed leases in 09/22 will be $1000 to $1050+. In building #150, the upper-level apartments both have private porches. The lower-level apartments are walk-outs with patios. Each unit is total electric with separate meters. TRI-PLEX - #156 has been gutted to the studs and is ready to begin reconstruction. The same construction company that rebuilt #150 has estimated the rebuild of #156 to be $275,000 to $300,000 to be of the same quality as #150.
Listing provided courtesy of Realty Quest.