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    ID 150/156 E 2 S REXBURG
    $ 1,200,000.00

    150/156 E 2 S REXBURG ID 83440
    • Days on Market: 116
    • Status:
    • Type:
    • Bedrooms: 8
    • Bathrooms: 4
    • Apx Acreage: 0.324
    • Area: 3150 sq ft
    • Year built: 1920

    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.

    View on map / Neighborhood

    • County: Madison
    • Subdivision: NONE
    • Elementary School: LINCOLN 321EL
    • Middle School: MADISON 321JH
    • High School: MADISON 321HS

    Taxes and Fees

    • Taxes: 10009.00
    • HO Exempt: Not Exempt
    • Tax Year: 2021
    • Assoc Fee $: 0.00
    • Association Fee Includes: None

    Additional Details

    • Construction/Status: Brick
    • # Stories: Separate Buildings,Units Over and Under,Other-See Remarks
    • Distressed Property: Not Applicable
    • Sub Area: REXBURG
    • Location: Low Traffic,Near University/College,Near Schools
    • Landscaping: Concrete Curbing,Sprinkler System-Full,Established Lawn,Established Trees,Flower Beds,Sprinkler-Auto
    • Water: Public
    • Depth: 130
    • Flood Plain: N
    • Provider/Other Info: Breaker(s),Rocky Mountain Power
    • Frontage: 109
    • Original List Price: 1200000
    • Sewer: Public Sewer
    • Amenities: Laundry Included,Off Street Parking
    • Roof: Metal
    • Inclusions: Oven/range, microwave, refrigerator, dishwasher, washer & dryer, window 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.
    • Foundation: Concrete Perimeter
    • Blw Grade SqFt: 1575
    • # Off Street Parking: 16
    • Exterior-Secondary: Stucco,Hardboard/Composition,Stone
    • Exterior-Primary: Brick
    • Handicap Access: 1
    • Tenant Pays: Electricity
    • Driveway Type: Asphalt
    • Style: Separate Buildings,Units Over and Under,Other-See Remarks
    • Total # Garage Stalls: 0.00
    • Total # Units: 4
    • Utilities: Separate Power Meters
    • Actual Annual Rent: 43800.00
    • Gross Monthly Rent: 3650.00
    • Owner Pays: Common Area Maintenance,Sewer,Snow Removal,Insurance,Trash Collection,Grounds Care,Water
    • Total Full Baths: 4
    • Topography/Setting: Corner Lot,Slight Slope

    Features

    • MLS #: 2143426
    • Zoning-General: RX-HGH DEN RESI 2
    • Terms: FHA,Cash,Conventional,1031 Exchange
    • Courtesy of: Realty Quest

    Video

    • Post Updated: 2022-08-11 15:21:36

    This property is located in Rexburg, in Madison county, is currently property, and has been listed on Southeast Idaho Real Estate. This property is listed at $ 1,200,000.00. It has 8 beds, 4 baths, and is 3150 sq ft. The property was built in the year 1920. Contact Dustin Hawkins at Idaho Agents Real Estate for more info. Local East Idaho real estate experts. 


     

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Local Agent

Dustin Hawkins

2088212832

dustin@seidahorealestate.com

Idaho Agents Real Estate

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