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- MLS#2128003
- TypeMulti-Family
- CountyMADISON
- CityRexburg
- AreaMadison
- NeighborhoodSouthend Addition-Mad
- Zip83440
- StyleTriplex
- Year Built1980
- Taxes2681
- Price$ 384,900
- Bedrooms9
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3300
- Lot Size12,023 SqFt
Listing Provided Courtesy Of:
Silvercreek Realty Group
Property Description
PRICE REDUCTION!!!! At this new list price and with recent adjustments to monthly rents, this property has a CAP RATE OF 7.4%, which is excellent by Rexburg standards! Great investment property in the heart of Rexburg. Just blocks from the University, Porter Park and Main Street. Triplex has a solid rental history with low vacancy, but is not BYUI approved single student housing. Lots of potential, the main floor is a three bedroom/two bath unit, basement has four bedrooms and one bath, and converted garage is a cozy two bedroom/one bath unit. Units are rented with each tenant occupying a private room. Laundry is available to upper and lower units. Street access is from 2nd S, garage unit has access from 4th W, both are established easements. Roof was replaced in 2014.
Elementary School | Middle School | High School |
---|---|---|
Kennedy 321El Elementary School | Madison 321Jh Middle School | Madison 321Hs High School |
Price History | |
---|---|
3/21/2020 | Listed $398,000 |
9/10/2020 | 4% - $384,900 |
General Features
Amenities | Off Street Parking |
---|---|
Construction/status | Brick |
Cooling | None |
Elementary School | KENNEDY 321EL |
Exclusions | Tenants' personal property, all furnishings. |
Heating | Gas, Forced Air |
High School | MADISON 321HS |
Ho Exempt | Not Exempt |
Legal Description | See Exhibit A |
Listing Area | Madison |
Listing Type | Triplex |
Location | Near Park, Near University/College |
Middle School | MADISON 321JH |
Roof | Metal |
Sewer | Public Sewer |
Status | Active |
Status | Active |
Style/design | All Units in One Building |
Sub Area | REXBURG |
Subdivision | SOUTHEND ADDITION-MAD |
Tax Year | 2020 |
Taxes | 2681.00 |
Tenant Pays | Other |
Terms | Cash, Conventional, 1031 Exchange |
Total Sq Ft | 3300 |
Utilities | Common Water Heaters, Common Power Meters |
Water | Public |
Year Built | 1980 |
Interior Features
Basement | Full |
---|---|
Total Full Baths | 4 |
Total Number of Units | 3 |
Exterior Features
Listing Office Name | Silvercreek Realty Group |
---|---|
Appx Acreage | 0.276 |
Driveway Type | Asphalt |
Exterior-primary | Brick |
Flood Plan | U |
Foundation | Concrete Perimeter |
Inclusions | Refrigerators (3), Stoves (3), Dishwasher (1), Wood stoves (2). |
Lot Dimensions | 11991 |
Number of Off Street Parking | 14 |
Topography/setting | Flat |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool