$7,800,000
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486 S 3 W Rexburg, ID 83440
40,945 SqFt
Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Sold
Purchase Type For Sale
Square Footage 40,945 sqft
Price per Sqft $190
MLS Listing ID 2134270
Sold Date 06/24/21
Style Separate Buildings,Units Over and Under
Construction Status Frame
HOA Y/N no
Annual Tax Amount $72,662
Tax Year 2020
Lot Size 1.281 Acres
Acres 1.281
Property Sub-Type Residential Income
Property Description
Dormitory BYU- I approved housing for men & women. 3 separate buildings totaling 35 units (172 beds). Superb property management in place for onsite and offsite making this a very hands-off investment. If your looking for the 'mailbox check' investment this is the one. This complex is very unique in the BYU-I market. Most newer approved complexes built in the last several years are very large. The tenants at The Roost enjoy the benefits of new but without being drowned out by the crouds. Amenities include Ping pong, Piano Room, TV Lounge, Gathering areas, onsite storage units. There are 2 separate floor plans the 4 person units or the 6 person unit. Either option includes in-unit laundry, AC, TV, Very Nice Furniture, Private pantry closet for each student. The buyer will be required to work with the BYU-Idaho Housing Office as the new owner for the qualified single student housing.
Location
State ID
County Madison
Area Madison
Rooms
Basement Full, Egress Windows, Finished
Interior
Heating Gas, Forced Air, Heat Pump
Cooling Central
Flooring Metal
Exterior
Exterior Feature Hardboard/Composition
Landscape Description Concrete Curbing,Sprinkler System-Full,Established Lawn,Established Trees,Terraced,Flower Beds,Sprinkler-Auto
Utilities Available Separate Power Meters, Separate Heat, Separate Water Heaters
Amenities Available Sidewalks, Clubhouse, Laundry Included
Roof Type Architectural
Building
Sewer Public Sewer
Water Public
Structure Type Hardboard/Composition
Construction Status Frame
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Not Applicable
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