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150/156 E 2 S

Rexburg, ID 83440
  • $1,200,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 2143426
UPDATED: 50 min ago
$1,200,000
  • 8
    BEDS
  • 0.32
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,150
    SQFT
  • $381
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:

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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© 2022 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 Perfect Home | Keller Williams Realty East Idaho 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: 2022-05-26T20:23:34.85.
www.idahoperfecthome.com/homes/127814858
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150/156 E 2 S Rexburg, ID 83440

  • Price: $1,200,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 50 min ago
  • MLS #: 2143426
8
Beds
4
Baths
0
½ Baths
0.32
Acres
3,150
SQFT
$381
$/SQFT
1920
Built
Neighborhood:
None
County:
Madison
Area:
Rexburg
Elementary School:
Lincoln 321El
Middle School:
Madison 321Jh
High School:
Madison 321Hs
Property 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.
Exterior Features

Construction And Status Brick Depth 130 Driveway Asphalt Exterior Primary Brick Exterior Secondary StuccoHardboard/CompositionStone Foundation Concrete Perimeter Frontage 109 Garage Stalls 0.00 Landscaping Concrete CurbingSprinkler System-FullEstablished LawnEstablished TreesFlower BedsSprinkler-Auto Location Low TrafficNear University/CollegeNear Schools Lot Size 14130 Off Street Parking 16 Roof Metal Style Separate BuildingsUnits Over And UnderOther-See Remarks Topography Setting Corner LotSlight Slope View None

Interior Features

Air Conditioning None Basement FullDaylight WindowsEgress WindowsExterior EntranceFinishedWalk-Out Heat Source And Type Electric Sq Ft Above Grade 1575 Sq Ft Below Grade 1575 Style1 Baths 1 Style1 Bedrooms 2 Style1 Features DishwasherMicrowaveDryerCeiling Fan(S)Newly RenovatedWasherRefrigeratorStove Style1 Sq Ft 788 Style2 Baths 1 Style2 Bedrooms 2 Style2 Features DishwasherHandicap AccessDryerCeiling Fan(S)Newly RenovatedWasherRefrigeratorStove Style2 Sq Ft 788 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 4

Property Features

Actual Annual Rent 43800.00 Amenities Laundry IncludedOff Street Parking Assoc Fees 0.00 Association Fee Includes None Covenants No Distressed Property Not Applicable Exclusions Tenants Furnishings Fixer Upper No Flood Plain N Gross Monthly Rent 3650.00 Handicap Access Yes Ho Exempt Not Exempt HOA No Inclusions Oven/RangeMicrowaveRefrigeratorDishwasherWasher & DryerWindow Coverings For All 4 Units in Building 150 E2nds. Building 156 is Gutted & Ready For Reconstruction. Approx Sq Ft Of Each Apartment is An Estimate Only. Landlord Provides Internet For The Building. Owner Pays Common Area MaintenanceSewerSnow RemovalInsuranceTrash CollectionGrounds CareWater Property Type 5-10 Units Provider Other Info Breaker(S)Rocky Mountain Power Sewer Public Sewer Style1 Rent 900 Style1 Units 3 Style2 Rent 950 Style2 Units 1 Style3 Rent 0 Style3 Units 0 Style4 Rent 0 Style4 Units 0 Style5 Rent 0 Style5 Units 0 Style6 Rent 0 Style6 Units 0 Sub Area Rexburg Tax Year 2021 Taxes 10009.00 Tenant Pays Electricity Terms FhaCashConventional1031 Exchange Utilities Separate Power Meters Water Public Zoning General Rx-Hgh Den Resi 2 Zoning Specific Rexburg-High Density Resid 2

Listing provided courtesy of Realty Quest.
© 2022 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 Perfect Home | Keller Williams Realty East Idaho 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: 2022-05-26T20:23:34.85.
 
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The Perfect Home | Keller Williams Realty East Idaho
3525 Merlin Dr.
Idaho Falls ID, 83404