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    355.5 W 2 S

    Rexburg, ID 83440
    • $384,900
    • STATUS: Active
    • ON SITE: 36 days
    • MLS #: 2133753
    UPDATED: 35 min ago
    $384,900
    • 9
      BEDS
    • 0.28
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,300
      SQFT
    • $117
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1980
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    PRICE REDUCTION!!!! This property is currently being used as a multi-family investment property. At this new list price and with recent adjustments to monthly rents, this property has a CAP RATE OF 7.4%, which is excellent by Rexburg standards! Great investment property in the heart of Rexburg. Just blocks from the University, Porter Park and Main Street. Triplex has a solid rental history with low vacancy, but is not BYUI approved single student housing. Lots of potential, the main floor is a three bedroom/two bath unit, basement has four bedrooms and one bath, and converted garage is a cozy two bedroom/one bath unit. Units are rented with each tenant occupying a private room. Laundry is available to upper and lower units. Street access is from 2nd S, garage unit has access from 4th W, both are established easements. Roof was replaced in 2014.

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    © 2021 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: 2021-01-22T19:23:08.677.
    www.idahoperfecthome.com/homes/112642773
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    355.5 W 2 S Rexburg, ID 83440

    • Price: $384,900
    • Status: Active
    • Updated: 35 min ago
    • MLS #: 2133753
    9
    Beds
    4
    Baths
    0
    ½ Baths
    0.28
    Acres
    3,300
    SQFT
    $117
    $/SQFT
    1980
    Built
    Neighborhood:
    Southend Addition-Mad
    County:
    Madison
    Area:
    Rexburg
    Elementary School:
    Kennedy 321El
    Middle School:
    Madison 321Jh
    High School:
    Madison 321Hs
    Property Description
    PRICE REDUCTION!!!! This property is currently being used as a multi-family investment property. At this new list price and with recent adjustments to monthly rents, this property has a CAP RATE OF 7.4%, which is excellent by Rexburg standards! Great investment property in the heart of Rexburg. Just blocks from the University, Porter Park and Main Street. Triplex has a solid rental history with low vacancy, but is not BYUI approved single student housing. Lots of potential, the main floor is a three bedroom/two bath unit, basement has four bedrooms and one bath, and converted garage is a cozy two bedroom/one bath unit. Units are rented with each tenant occupying a private room. Laundry is available to upper and lower units. Street access is from 2nd S, garage unit has access from 4th W, both are established easements. Roof was replaced in 2014.
    Exterior Features

    Construction And Status Brick Driveway Asphalt Exterior Primary Brick Exterior Secondary Wood Siding Foundation Concrete Perimeter Garage None Irrigation None Location Near ParkNear University/College Roof Metal Style 1 Story

    Interior Features

    Air Conditioning None Appliances Included DishwasherRange/Oven-ElectricRefrigerator Basement FullEgress WindowsExterior EntranceFinished Basement Percent Finished 100 Bedrooms Basement 4 Bedrooms Lower 0 Bedrooms Main 5 Bedrooms Upper 0 Dens Basement 0 Dens Lower 0 Dens Main 0 Dens Upper 0 Family Rooms Basement 1 Family Rooms Lower 0 Family Rooms Main 2 Family Rooms Upper 0 Fireplace 2Wood Fireplaces Basement 1 Fireplaces Lower 0 Fireplaces Main 1 Fireplaces Upper 0 Formal Dining Rooms Basement 0 Formal Dining Rooms Lower 0 Formal Dining Rooms Main 1 Formal Dining Rooms Upper 0 Full Baths Basement 1 Full Baths Lower 0 Full Baths Main 3 Full Baths Upper 0 Half Baths Basement 0 Half Baths Lower 0 Half Baths Main 0 Half Baths Upper 0 Heat Source And Type GasForced Air Interior Features Ceiling Fan(S) Kitchens Basement 1 Kitchens Lower 0 Kitchens Main 2 Kitchens Upper 0 Laundry Main Level Laundry Basement 0 Laundry Lower 0 Laundry Main 1 Laundry Upper 0 Living Rooms Basement 0 Living Rooms Lower 0 Living Rooms Main 0 Living Rooms Upper 0 Other Rooms 2nd KitchenMaster BathApartmentMain Floor Master Bedroom Sq Ft Above Grade 1900 Sq Ft Basement 1400 Sq Ft Below Grade 1400 Sq Ft Lower 0 Sq Ft Main 1900 Sq Ft Upper 0 Total Baths 4

    Property Features

    Covenants No Distressed Property Not Applicable Exclusions Tenants' Personal PropertyAll Furnishings. Fixer Upper No Flood Plain U Handicap Access No Ho Exempt Not Exempt HOA No Inclusions Refrigerators (3)Stoves (3)Dishwasher (1)Wood Stoves (2). Property Type Single Family Provider Other Info Rocky Mountain Power Sewer Public Sewer Tax Year 2020 Taxes 3207.00 Terms CashConventional1031 Exchange Water Public Zoning Specific Rexburg-High Density Resid 1

    Listing provided courtesy of Silvercreek Realty Group.
    © 2021 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: 2021-01-22T19:23:08.677.
     
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    The Perfect Home | Keller Williams Realty East Idaho
    3525 Merlin Dr.
    Idaho Falls ID, 83404