332 4ThRexburg, ID 83440

Property Details for 332 4Th

Lot size

1.63 AC

Property type

Showrooms

APN

RPR00SE0120011

APU

RPR00SE0120011

Description

This exceptional three-building apartment complex in Rexburg, Idaho, presents a compelling investment opportunity. Boasting 60 units across three, three-story buildings, the property totals 31,620 square feet and enjoys 100% occupancy. Constructed in 2016, the complex offers a modern aesthetic and efficient layout. Each unit commands a price of $148,333.33, contributing to the property's impressive asking price of $8,900,000 ($281.47 per square foot). Located at 332 S 4th W, Rexburg, ID 83440, this fee-simple ownership property benefits from its location in a family-friendly environment, close to the natural beauty of Yellowstone and Grand Teton National Parks. The property's strong performance provides a solid foundation for future growth, with potential for value enhancement through strategies such as implementing utility bill-backs and media packages to increase rental income. This presents a rare chance to acquire a high-performing multifamily asset in a desirable location with significant upside potential. The property is offered for sale as a fee simple ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $18,654,272

  6.5%

  $17,219,328

  7%

  $15,989,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $38,125,504

  Geo Method

  $38,125,504

• Alternative Use

  Use

  Valuation

  Residential

  $14,525,148

  Hospitality

  $13,304,957

  Educational

  $11,069,568

  Medical

  $11,450,268

  Retail

  $17,219,328

Location Insight

City

Rexburg

County

Madison

State

Idaho

Latitude

43.8193

Longitude

-111.796

CBSA code

39940

CBSA name

REXBURG, ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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