51 S 1 E Rexburg, ID
$ 4,300,000
Property Attributes
  • MLS#2127461
  • TypeMulti-Family
  • CountyMADISON
  • CityRexburg
  • AreaMadison
  • NeighborhoodRexburg Townsite-Mad
  • Zip83440
  • Style11+ Units
  • Year Built1984
  • Taxes52103
  • Price$ 4,300,000
  • Bedrooms0
  • Full Bathrooms56
  • Half Bathrooms0
  • Sqr Footage36368
  • Lot Size1.2 Acres
Listing Provided Courtesy Of:
Keller Williams Realty East Idaho
Property Description

This is an ideal investment property for the investor who would like to have a 'hands-free operation'. With management in place both off-site and on-site, this investment can be easily maintained and operated from a distance. Currently BYU- I approved single men's housing. These 4-7 (28 apartments with 140 beds total) man apartments were recently remodeled in 2013 and look great! This complex features amazing amenities including a large weight room, a game room equipped with Foosball, pool and ping pong tables, a theater room eqipped with a projector and stadium seating, a large lounge great for gatherings, and free laundry on each floor. The rooms themselves are air conditioned and fully furnished with a dishwasher, 2 refrigerators, a vacuum cleaner, ironing board and 2 desks with chairs. The property has more than adequate parking which is a commodity that is very difficult to replicate in the Rexburg single student housing area, an area which is predefined and overseen by the university. The buyer will be required to work with the BYU-Idaho Housing Office as the new owner for the qualified single student housing. Don't miss this hard to find opportunity to own single family housing approved by BYU-I and an excellent location between campus and Main Street.

Elementary School Middle School High School
Lincoln 321El Elementary School Madison 321Jh Middle School Madison 321Hs High School
Price History
2/24/2020 Listed $4,300,000

General Features

Amenities 24 Hour Maintenance, Additional Storage, Clubhouse, Common Laundry, Off Street Parking
Construction/status Existing-Fully Updated
Cooling Central, Heat Pump, Ductless AC Unit
Elementary School LINCOLN 321EL
Exclusions Renter's personal property
HOA 0.00
HOA Fee 0.00
Heating Radiant, Zonal, Gas, Forced Air
High School MADISON 321HS
Ho Exempt Not Exempt
Legal Description Lot 3, Block 37 of Rexburg Townsite
Listing Area Madison
Listing Type 11+ Units
Location Near University/College, High Traffic, Near Mall/Shop
Middle School MADISON 321JH
Roof Membrane
Sewer Public Sewer
Status Active
Status Active
Style/design All Units in One Building
Tax Year 2019
Taxes 52103.00
Tenant Pays Other
Terms Cash, Conventional
Total Sq Ft 36368
Utilities Separate Power Meters, Common Water Heaters, Common Power Meters, Separate Heat, Common Heat, Separate Water Heaters
View Other-See Remarks
Water Public
Year Built 1984

Interior Features

Basement None
Total Full Baths 56
Total Number of Units 28

Exterior Features

Listing Office Name Keller Williams Realty East Idaho
Appx Acreage 1.199
Driveway Type Asphalt
Exterior-primary Block, Stone, Brick, Stucco, Precast/Tilt-up Concrete
Exterior-secondary Block
Flood Plan U
Foundation Concrete Perimeter
Inclusions All appliances


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 83440

AVG $1.28M
AVG $13,961
AVG 82
Year Built
AVG 1974
AVG 61
Data Provided by Walkscore ® not using MLS data

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