Skip To Content

Address Not Available By Request

Rexburg, ID 83442
  • $7,000,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 2165393
UPDATED: 165 min ago
$7,000,000
  • 92
    BEDS
  • 1.59
    ACRES
  • 46
    BATHS
  • 0
    1/2 BATHS
  • 29,900
    SQFT
  • $234
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2003
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Here is an opportunity that you do not want to miss. Introducing The Sugar Apartments. This 46 unit complex was constructed in 2003. It sits on 1.35 acres and is very centrally located to Rexburg hot spots such as Porter Park, Hemming Village, and a 5 min walk from the BYU Idaho Campus. The complex being offered at a 5.2% Cap rate. It is fully stabilized with great financials and a $363,000 NOI. The complex offers 88 total parking stalls and ample green space areas. On site there are 21 storage units that are rented separate and offer a convenient option for tenants. There is also an option with the current lender to match the loan terms with a new buyer, which includes a 4.35% interest rate.

Monthly Payment Calculator

© 2024 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 Coldwell Banker Mountain Properties 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: 2024-06-17T16:23:17.437.
www.coldwellbankertetonvalley.com/homes/150989253
Print Image

Address Not Available By Request Rexburg, ID 83442

  • Price: $7,000,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 165 min ago
  • MLS #: 2165393
92
Beds
46
Baths
0
½ Baths
1.59
Acres
29,900
SQFT
$234
$/SQFT
2003
Built
Neighborhood:
None
County:
Madison
Area:
Rexburg
Elementary School:
Kennedy 321El
Middle School:
Madison 321Jh
High School:
Madison 321Hs
Property Description
Here is an opportunity that you do not want to miss. Introducing The Sugar Apartments. This 46 unit complex was constructed in 2003. It sits on 1.35 acres and is very centrally located to Rexburg hot spots such as Porter Park, Hemming Village, and a 5 min walk from the BYU Idaho Campus. The complex being offered at a 5.2% Cap rate. It is fully stabilized with great financials and a $363,000 NOI. The complex offers 88 total parking stalls and ample green space areas. On site there are 21 storage units that are rented separate and offer a convenient option for tenants. There is also an option with the current lender to match the loan terms with a new buyer, which includes a 4.35% interest rate.
Exterior Features

Construction And Status Existing-Partly Updated Exterior Primary Vinyl Foundation Concrete Perimeter Garage Stalls 0.00 Landscaping Concrete CurbingEstablished LawnEstablished TreesSprinkler-Auto Location Interstate Exit/AccessNear ParkNear Schools Off Street Parking 88 Roof Architectural Style Separate Buildings

Interior Features

Air Conditioning None Basement None Heat Source And Type ElectricGasForced Air Sq Ft Above Grade 29900 Sq Ft Below Grade 0 Style1 Baths 1 Style1 Bedrooms 2 Style1 Sq Ft 650 Style2 Baths 1 Style2 Bedrooms 2 Style2 Sq Ft 650 Style3 Baths 0 Style3 Bedrooms 0 Style3 Sq Ft 0 Style4 Baths 0 Style4 Bedrooms 0 Style4 Sq Ft 0 Style5 Baths 0 Style5 Bedrooms 0 Style5 Sq Ft 0 Style6 Baths 0 Style6 Bedrooms 0 Style6 Sq Ft 0 Total Baths 46

Property Features

Amenities Additional StorageLaundry IncludedSidewalks Covenants No Distressed Property Not Applicable Fixer Upper No Flood Plain N Handicap Access No Ho Exempt Not Exempt HOA No Owner Pays Common Area MaintenanceInsuranceGrounds CareSewerSnow RemovalTrash CollectionWater Property Type 11+ Units Provider Other Info Rocky Mountain Power Sewer Public Sewer Short Term Rental YN Unknown Style1 Rent 1050 Style1 Units 42 Style2 Rent 1100 Style2 Units 4 Style3 Rent 0 Style3 Units 0 Style4 Rent 0 Style4 Units 0 Style5 Rent 0 Style5 Units 0 Style6 Rent 0 Style6 Units 0 Tax Year 2023 Taxes 39356.00 Tenant Pays Cable TVElectricity Terms CashConventional1031 Exchange Utilities Separate Power MetersSeparate HeatSeparate Water Heaters Water Public Winter Access YN Yes Zoning General RES-MULTI-FAMILY Zoning Specific REXBURG-HIGH DENSITY RESID 1

Snake River Regional MLS logo Listing provided courtesy of HomeSmart Premier Realty: 2085100551.
© 2024 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 Coldwell Banker Mountain Properties 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: 2024-06-17T16:23:17.437.
 
https://bt-photos.global.ssl.fastly.net/snakeriver/orig_boomver_1_2165393-2.jpg https://bt-photos.global.ssl.fastly.net/snakeriver/orig_boomver_1_2165393-2.jpg https://bt-photos.global.ssl.fastly.net/snakeriver/orig_boomver_1_2165393-2.jpg
Logo
Coldwell Banker Mountain Properties
189 N Main Street, Suite 100
Driggs ID, 83422