347 4ThRexburg, ID 83440
- Residential income properties
- 1.59 AC
Property Details for 347 4Th
- Year built
- 2003
- Lot size
- 1.59 AC
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
Exceptional investment opportunity in Rexburg, Idaho, presents a stabilized 46-unit apartment building constructed in 2003. This Class B property boasts 100% occupancy, generating a strong NOI of $363,741 and a 5.35% cap rate. The asking price is $6,795,000, translating to $147,717 per unit. Situated on a 1.59-acre lot, the complex features two-story buildings with 88 parking stalls and 21 separately rentable storage units, providing added revenue streams. Its prime location offers convenient access to BYU Idaho campus (a 5-minute walk), Porter Park, and Hemming Village. The property's zoning is HDR1. A potential buyer may be able to assume the existing loan with a 4.35% interest rate. This multifamily investment presents a compelling opportunity for significant returns due to its strong financials, high occupancy rate, and desirable location. The property includes two separate APNs: RPR000K0013010 and RPR000K0013971. This is a turnkey operation with excellent potential for continued growth and profitability.
Location Insight
- City
- Rexburg
- County
- Madison
- State
- Idaho
- Latitude
- 43.8182
- Longitude
- -111.795
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].